Board Meeting27 Jun 2026, 02:30 pm
IIFL Finance Board Approves ₹10,000 Cr Fundraise, Upsizes GMTN
AI Summary
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 issuances. 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.
Key Highlights
- Board approved fundraise of up to ₹10,000 Crore via equity securities.
- GMTN Programme limit increased from USD 1 billion to USD 2 billion.
- Borrowing and security creation limits enhanced to ₹75,000 Crore.
- Mr. Vikas Jain appointed as new Chief Financial Officer.
- Approvals subject to member and regulatory requirements.
Price Impact
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