IIFL Holdings

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

Non-banking finance company IIFL Finance on Tuesday said it has bought back USD 50 million worth of overseas bonds with funds raised through a loan from a global bank

Stock hits upper limit after regulatory filing shows promoter holding in the company had breached the 25% threshold following an open market purchase by chairman and CEO Nirmal Jain

On Thursday, shares of IIFL Securities closed 4.9 per cent higher to Rs 44.95

The distress at India's No. 2 phone operator deepened last week after the nation's top court ordered it to pay about $4 billion in past dues, dealing a fresh blow to the struggling business

The listing of IIFL Wealth follows its demerger from parent IIFL Finance with IIFL Securities, with the latter set to list on Friday

The board of directors of IIFL Finance at its meeting held in January 2018 had approved the reorganization of IIFL Group.

The public issue of bonds will open on Tuesday and will close on August 30

Income during the latest quarter grew 32 per cent to Rs 1,276 crore from Rs 965 crore in year-ago period, IIFL Holdings said in a statement

lnfoline Finance Limited is an NBFC subsidiary of the IIFL Holdings

While call options benefit buyers if the market rises, buying put options acts like insurance for their portfolio

The demerger, followed by listing will involve three units -- IIFL Finance (loans and mortgages); IIFL Wealth (wealth and asset management) and IIFL Securities (capital markets)

The stock rallied 19% to Rs 865 also its record high on BSE in intra-day trade.

Stock of IIFL Holdings was up 2.25% at Rs 625 on the BSE

The company's net profit stood at Rs 137.5 crore during April-June period of the previous fiscal

The stock surged 12% to Rs 316 on the BSE in intra-day trade

The stock surged 11% to Rs 314, also its 52-week high on BSE.

IIFL Holdings has received nod from its board to demerge '5Paisa Digital Undertaking' from IIFL Holdings Ltd (IIFL) into its fully owned subsidiary 5Paisa Capital Ltd (5Paisa). "The board of directors of the company at their meeting held today considered and approved the proposed demerger of 5Paisa Digital Undertaking from IIFL into 5Paisa Capital Ltd, a 100 per cent subsidiary of IIFL engaged in distribution of financial services and broking," the firm said in a regulatory filing. Post demerger, 5Paisa Capital will be listed on BSE and NSE, it said. "The consideration for the demerger is by way of allotment of equity shares by 5Paisa Capital to the shareholders of IIFL in the ratio of 1 share of Rs 10 each of 5Paisa for every 25 shares of IIFL held by the shareholders of IIFL," the company said. The company said the proposed arrangement does not involve any change in the capital structure of IIFL Holdings. IIFL said 5Paisa will acquire, service and grow the new emerging DIY ...

The stock rallied 11% to Rs 249, also its 52-week high on the BSE in intra-day trade.

The stock moved higher by 12% to Rs 232 after more than two million shares of the company changed hands via block deals.