IIFL Finance Board Approves ₹10,000 Cr Fund Raise, Upsizes GMTN to $2 Bn

IIFL Finance Ltd's Board of Directors, in a meeting held on June 27, 2026, approved an enabling resolution for raising funds up to ₹10,000 Crore through various equity and other eligible securities. The board also approved upsizing the Global Medium Term Notes (GMTN) Programme from USD 1 billion to USD 2 billion. Additionally, the borrowing limit and security creation limit were enhanced from ₹60,000 Crore to ₹75,000 Crore, subject to member approval. The meeting also saw the transition of Mr. Kapish Jain from CFO to another role and the appointment of Mr. Vikas Jain as the new CFO.