Corporate Action10 Nov 2026, 04:11 pm
IIFL Finance Approves ₹64,142 Cr Preferential Issue
AI Summary
IIFL Finance Limited's Board of Directors has approved a significant preferential issue of compulsorily convertible preference shares and warrants worth ₹64,142 crore (₹64,142,00,00,146). This includes the issuance of 8,55,48,173 preference shares to Ingot SG Pte. Ltd. and Anchorage Capital Schemes, and 2,10,00,000 warrants to promoters Nirmal Bhanwarlal Jain, Venkataraman Rajamani, and Ardent Impex Private Limited. The company also approved an increase in its authorized share capital to ₹56,210.5 crore to facilitate this issuance. These approvals are subject to shareholder and regulatory clearances.
Key Highlights
- Board approved preferential issue of ₹64,142 crore.
- Issuance includes preference shares and warrants.
- Authorized share capital increased significantly.
- Approvals subject to shareholder and regulatory consent.
- Promoters and external investors are the allottees.
Price Impact
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