IIFL FINANCE LTD.
NSE : IIFLBSE : 532636ISIN
CODE : INE530B01024Industry : Finance - InvestmentHouse
: IIFL
BSE400.853 (+0.75 % )
PREV CLOSE (Rs.) 397.85
OPEN PRICE (Rs.) 400.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 81226
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE401.35 3.55 (+0.89 % )
PREV CLOSE(Rs.) 397.80
OPEN PRICE (Rs.) 401.60
BID PRICE (QTY) 401.35 (29 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 786316
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 12-Apr-2024 | Rights Announcement | Inter alia, to consider, approve various matters in connection with the Rights Issue including the specific terms of the Rights Issue, such as the determination of the Rights Issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue. |
| 10-Apr-2024 | IIFL Finance informs about compliance certificate | <div style="text-align: justify;">IIFL Finance has informed that it enclosed a certificate received from Link Intime India, Registrar and Share Transfer Agent of the Company, for the quarter ended March 31, 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 20-Mar-2024 | IIFL Finance raises Rs 500 crore through NCDs | <p style="text-align: justify;">IIFL Finance has raised Rs 500 crore through the allotment of 50,000 Non-Convertible Debentures (NCDs) namely Secured Redeemable Non-Convertible Debentures - Series D25 of Face Value of Rs 1,00,000 each, for cash at par, on Private Placement Basis. The Finance Committee of the Board of Directors of the Company vide Resolution dated March 20, 2024 approved allotment of the same. </p><p style="text-align: justify;">IIFL Finance is an Indian diversified financial services company.</p><div style="text-align: justify;"><br></div> |
| 08-Mar-2024 | IIFL Finance planning to raise funds | <p style="text-align: justify;">IIFL Finance is planning to raise funds by issuance of equity shares / convertible bonds / debentures / warrants / preference shares / any other equity linked securities (Securities) through permissible modes including by way of right issue, private placement, preferential issue or any other methods or modes as may be permitted under applicable laws, subject to such regulatory, statutory and shareholders' approval as may be required in this regard. A meeting of the Board of Directors of the Company is scheduled to be held on March 13, 2024 to consider and approve the same. </p><p style="text-align: justify;">IIFL Finance is an Indian diversified financial services company.</p><div style="text-align: justify;"><br></div> |
| 06-Mar-2024 | IIFL Finance informs about press release | <div>IIFL Finance has informed that it attached press release stating Fairfax India agrees to invest up to USD 200 million of liquidity support to IIFL Finance.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 06-Mar-2024 | Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS | The Nomination and Remuneration Committee of the Board of directors of the Company by way of Circular Resolution dated March 06, 2024 approved the allotment of 65,330 Equity shares, to the eligible employees under the Employee Stock Option schemes of the Company. The intimation is attached herewith for your kind perusal. |
| 05-Mar-2024 | RBI bars IIFL Finance from sanctioning, disbursing new gold loans | <p style="text-align: justify;">The Reserve Bank of India (RBI) has directed IIFL Finance to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans. The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes.</p><p style="text-align: justify;">An inspection of the company was carried out by the Reserve Bank with reference to its financial position as on March 31, 2023. Certain material supervisory concerns were observed in the gold loan portfolio of the company, including serious deviations in assaying and certifying purity and net weight of the gold at the time of sanction of loans and at the time of auction upon default; breaches in Loan-to-Value ratio; significant disbursal and collection of loan amount in cash far in excess of the statutory limit; non-adherence to the standard auction process; and lack of transparency in charges being levied to customer accounts, etc. These practices, apart from being regulatory violations, also significantly and adversely impact the interest of the customers. Over the last few months, the RBI has been engaging with the senior management and the statutory auditors of the company on these deficiencies; however, no meaningful corrective action has been evidenced so far. This has necessitated the imposition of business restrictions with immediate effect, in the overall interest of customers.</p><p style="text-align: justify;">These supervisory restrictions will be reviewed upon completion of a special audit to be instituted by the RBI and after rectification by the company of the special audit findings and the findings of RBI Inspection, to the satisfaction of RBI. This business restriction is without prejudice to any other Regulatory or Supervisory action, that may be initiated by the RBI against the company.</p><p style="text-align: justify;">IIFL Finance is an Indian diversified financial services company.</p><div style="text-align: justify;"><br></div> |
| 05-Mar-2024 | IIFL Finance hits lower limit after RBI bars it from sanctioning, disbursing new gold loans | <p style="text-align: justify;">IIFL Finance is currently trading at its lower limit of Rs. 478.50, down by 119.60 points or 20.00% from its previous closing of Rs. 598.10 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 478.50 and has touched a high and low of Rs. 478.50 and Rs. 478.50 respectively. So far 56701 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 704.20 on 16-Oct-2023 and a 52 week low of Rs. 408.40 on 14-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 633.95 and Rs. 478.50 respectively. The current market cap of the company is Rs. 18253.97 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 24.79%, while Institutions and Non-Institutions held 39.54% and 35.67% respectively.</p><p style="text-align: justify;">The Reserve Bank of India (RBI) has directed IIFL Finance to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans. The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes.</p><p style="text-align: justify;">An inspection of the company was carried out by the Reserve Bank with reference to its financial position as on March 31, 2023. Certain material supervisory concerns were observed in the gold loan portfolio of the company, including serious deviations in assaying and certifying purity and net weight of the gold at the time of sanction of loans and at the time of auction upon default; breaches in Loan-to-Value ratio; significant disbursal and collection of loan amount in cash far in excess of the statutory limit; non-adherence to the standard auction process; and lack of transparency in charges being levied to customer accounts, etc. These practices, apart from being regulatory violations, also significantly and adversely impact the interest of the customers. Over the last few months, the RBI has been engaging with the senior management and the statutory auditors of the company on these deficiencies; however, no meaningful corrective action has been evidenced so far. This has necessitated the imposition of business restrictions with immediate effect, in the overall interest of customers.</p><p style="text-align: justify;">These supervisory restrictions will be reviewed upon completion of a special audit to be instituted by the RBI and after rectification by the company of the special audit findings and the findings of RBI Inspection, to the satisfaction of RBI. This business restriction is without prejudice to any other Regulatory or Supervisory action, that may be initiated by the RBI against the company.</p><p style="text-align: justify;">IIFL Finance is an Indian diversified financial services company.</p><div style="text-align: justify;"><br></div> |
| 05-Mar-2024 | IIFL Finance informs about conference call | <p style="text-align: justify;">In furtherance of intimation dated March 04, 2024, IIFL Finance has informed that the said Conference Call was held today March 05, 2024 at 8.30 am (IST). The recording of the above Conference Call has been hosted on the website of the Company.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 05-Mar-2024 | PVR INOX, Sarda Energy and Welspun Corp to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">PVR INOX</span> has opened the biggest cinema in Faridabad that features the largest screen. Located at the Mall of Faridabad, NIT, the 6-screen cinema is set to redefine Faridabad's entertainment landscape unveiling the First P [XL] Large Screen Format in the city with Laser Projection offering residents yet another out-of-home entertainment destination to watch movies in the best immersive environment. With this opening, PVR INOX unveils its 6th cinema in Faridabad and will strengthen its foothold in Haryana with 94 screens in 23 properties continuing its expansion in the Northern part of India with 469 screens in 104 properties.</p><p style="text-align: justify;"><span style="font-weight: bold;">Sarda Energy & Minerals </span>(SEML) has incorporated a Joint Venture subsidiary company ‘Bartunga Coal' (BCPL). BCPL has been incorporated as a Special Purpose Vehicle for carrying out the Re-opening, Salvaging, Rehabilitation, Development and Operation of Bartunga Hill Coal Mine of South Eastern Coalfileds. BCPL is yet to commence its business operations.</p><p style="text-align: justify;"><span style="font-weight: bold;">Welspun Corp</span>'s step down subsidiary -- Sintex Advance Plastics (SAPL) has planned to set up a manufacturing facility for Plastic Pipes and Water Storage Tanks in Madhya Pradesh for an approximate investment of Rs 400 crore. The project is likely to be implemented over the next six quarters and create employment opportunities for about 350 people.</p><p style="text-align: justify;"><span style="font-weight: bold;">Easy Trip Planners </span>(EaseMyTrip) has partnered with Punjab National Bank (PNB), nation's leading public sector bank, to launch ‘PNB EMT Credit Card'. This power-packed co-branded travel credit card is aimed at mass to premium customer segments and has been meticulously designed to offer a variety of rewards for the Indian travellers. Customers can log in to easemytrip.com or pnbindia.in or PNB ONE App to avail this credit card and earn rewards in a variety of categories, including flights, hotels, and holiday packages.</p><p style="text-align: justify;"><span style="font-weight: bold;">Cyient </span>has entered into partnership with the Massachusetts Medical Device Industry Council (MassMedic), the largest regional MedTech association in the United States. This partnership signifies a strategic move by Cyient to deepen its commitment to the healthcare sector, leveraging its extensive expertise in engineering and digital technologies to drive forward MedTech innovation. Through this collaboration, Cyient aims to support the MedTech community by enhancing product development, testing, and compliance with regulatory standards. </p><div style="text-align: justify;"><div><p><span style="font-weight: bold;">Tata Motors </span>has given the green light to a plan to divide the company into two distinct listed entities, one focusing on passenger vehicles and the other on commercial vehicles.</p><p>The Reserve Bank of India (RBI) has debarred <span style="font-weight: bold;">IIFL Finance</span> from sanctioning and disbursing fresh gold loans following material supervisory concerns and to protect the interests of customers with immediate effect.</p></div></div> |
