The operating margin (EBIT margin) is expected to improve by 70-90 basis points sequentially due to operating efficiency and absence of major salary increments as they were implemented in the previous quarter. The company reported an EBIT margin of 23.2% in the June quarter
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake.