IIFL Finance Approves 1:9 Rights Issue of Fully Paid-Up Equity Shares Worth INR 31,271.83 Crore

IIFL Finance Ltd announced the outcome of its Board meeting held on April 17, 2024, where the approval for a rights issue of fully paid-up Equity Shares was given. The company plans to issue 4,23,94,270 fully paid-up Equity Shares with a Rights Issue Price of INR 300 per Equity Share. The record date is April 23, 2024, with an opening date of April 30, 2024, and a closing date of May 14, 2024. Eligible equity shareholders will receive one Rights Equity Share for every 9 held, and provisions have been made for demat account crediting of rights entitlements.