IIFL Finance, which holds 99% in the microfinance lender, has decided to infuse Rs 200 crore by way of rights issue of 7.5 crore fully paid up equity shares of face value of Rs 10 each at a premium of Rs 16.74 per share. It acquired Samasta in 2017. In the first half of FY24, the NBFC-MFI raised Rs 5,239 crore of debt with about 60% as term loans and another 20% from privately placed bonds.
IndusInd raises Rs 11,000 crore via CDs in confidence boost
The fundraising suggests a likely return of investor confidence in the bank after the Reserve Bank of India on Saturday said the private lender has
March 18, 2025