IIFL Finance To Invest Rs. 200 Crore In Its Subsidy Company


IIFL Finance Ltd. will invest Rs 200 crore in its material subsidiary, IIFL Samasta Finance Ltd., by subscription of equity shares.In a meeting on Wednesday, the finance committee of the board of directors approved the investment by subscription of approximately 7.48-crore fully paid-up equity shares, of face value Rs 10 each at Rs 26.74 apiece, according to an exchange filing.The money will be used to support growth, reduce gearing …



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