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Consumption trends signal strong FY23 for mall operator Phoenix Mills

Company's recovery and expansion after impact of Covid-19 expected to improve rentals and occupancies

Fitch affirms rating for 4 NBFCs, maintains stable outlook for all

The financial condition of Shriram Transport Finance, Muthoot Finance, Manappuram Finance and IIFL Finance is satisfactory, says agency

Financials, FMCG get nearly half of FPI flows in August, says report

Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018

Consumer durables firms may have to wait until Q3 to find their sea legs

Hypercompetition, high-cost inventory, and volume-over-margins delay gains

CDC Group sells 3.56% stake in IIFL Finance for Rs 453 cr via open market

CDC Group Plc, the development finance institution owned by the UK government, on Friday divested a 3.56 per cent stake in IIFL Finance Ltd for Rs 453 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), CDC Group Plc sold 1,35,01,587 shares of the company. The shares were disposed of at an average price of Rs 335.64 apiece, valuing the transaction at Rs 453.16 crore. Meanwhile, Morgan Stanley Asia Singapore Pte picked up the shares of the company. As of the June quarter, CDC Group plc, which is one of the public shareholders of IIFL Finance, owned 1.35 crore shares, amounting to a 3.56 per cent stake in the company, the shareholding pattern showed. Shares of IIFL Finance closed 5.62 per cent lower at Rs 331.50 on NSE.

ICICI Sec, Axis Cap among 5 bankers to manage govt's HZL stake sale

Also, HDFC Bank and IIFL Securities will act as investment bankers and work with the government and handle the share sale offers, the official said

CCI approves acquisition of stake in IIFL Home indirectly by ADIA Group

The proposed transaction relates to the acquisition of up to 20 per cent stake in IIFL Home Finance by Platinum Owl C 2018 RSC Ltd, a trustee acting for Platinum Jasmine Trust.

SaaS company CleverTap Raises $105 mn in funding round led by CDPQ

It runs a cloud service that helps digital brands to increase customer retention

ICICI Securities June quarter results rained on by overcast broking biz

ICICI Securities client growth moderated to 27.7 per cent to 450,000, while active customers rose only 5.3 per cent QoQ to 3.2 million

Tata Communications: Ongoing supply-side headwinds to hurt near term

Original equipment manufacturer (OEM) lead time issues, which had worsened during the April-June quarter, rose four times as compared to the earlier 12-16 weeks.

Demand recovery unlikely to offset margin pressures for paint companies

Companies to post double digit volume growth in the quarter

FPIs raise the ante by driving up allocation to oil & gas, auto stocks

FPIs increased their allocations to the oil and gas sector by 44 bps and the power sector by 21 bps

IIFL Wealth Management pays over Rs 3 crore to settle case with Sebi

The company was alleged to have violated stock brokers' regulation as well as PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations

'Long-term capital gains tax relief will be a game-changer for the markets'

Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep Bhardwaj of IIFL Securities.

Sun TV rerating rests on capital allocation spin, maintaining ad revenue

IPL valuation bump-up limits downside in stock

IIFL Finance gets board's approval to raise Rs 5,000 cr by issuing bonds

IIFL Finance is planning to raise debt capital worth Rs 5,000 crore by issuing bonds on a private placement basis, the company said on Thursday. The bonds will be offered through public issue, subject to regulatory and statutory approvals, IIFL Finance said in a regulatory filing. "The board of directors of the company at their meeting held today, June 23, 2022, approved the raising of funds by way of issuance of secured redeemable non-convertible debentures with the shelf limit of Rs 50,000 million, in one or more tranches," it added. IIFL Finance is a non-banking finance company (NBFC), offering products such as home loans, gold loans, and business loans, including loans against property and medium & small enterprise financing, microfinance, developer and construction finance. It also offers capital market finance; catering to both retail and corporate clients. Its subsidiaries IIFL Home Finance Ltd and Samasta Microfinance Ltd -- are engaged in providing a diverse range of ...

IIFL Home Finance looks to raise Rs 5,000 cr via direct assignment

Listing exercise to provide exit to ADIA, raise fresh capital; firm to scale up funding to developers, especially those complying with green finance norms

IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

Abu Dhabi's ADIA invests Rs 2,200 cr in IIFL Home Finance for 20% stake

This would be one of the largest equity investments in the affordable housing finance segment in India by a financial investor

Sebi imposes fine of Rs 1 crore on IIFL for misusing client funds

Capital markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for alleged misutilisation of client securities.