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IIFL SAMASTA FINANCE
Piramal Finance AUM touches Rs 1 lakh crore; acquisitions on radar: CEOPiramal Finance has crossed Rs 1 lakh crore in assets under management. The company plans to acquire a microfinance institution to boost it...- IIFL Finance looks at options to exit microfin arm SamastaPiramal Finance is one of the interested parties and negotiations with it have progressed a bit, they said, adding that the discussions are...
- IIFL Finance plans Rs 2000 crore retail bond sale next weekIIFL Finance plans a retail bond issuance of Rs 2,000 crore next week to support its business growth that more than doubled in a year, back...
- RBI imposes penalty on The Hongkong and Shanghai Banking CorporationThe RBI has imposed penalties on The Hongkong and Shanghai Banking Corporation Limited (Rs 66.6 lakh) and IIFL Samasta Finance Limited (Rs ...
- IIFL Finance subsidiary raises Rs 216 crore through public bond issueIIFL Finance's microfinance subsidiary IIFL Samasta Finance has garnered Rs 216 crore through its second public bond issue against a Rs 1,0...
- IIFL Samasta aims to raise Rs 1000 crore in bonds, to pay 9.2-10.5%"We are raising public bonds to fulfill credit requirements of underserved and unserved customers across the 417 districts we operate in th...
- SoftBank-backed fintech startup Juspay acquires LotusPay in all-cash dealThe acquisition strengthens Juspay’s offerings to the BFSI segment and merchants, with a focus on enhancing its recurring payment capabilit...
- What is rebalancing a portfolio? How to go about it? Rachna Dattani answersRachna Dattani says: “One needs to understand that expecting a CAGR return of 12% to 15% is the most logical way of approaching your invest...
- IIFL Samasta raises Rs 607 crore via maiden bond issueIn this round, the NBCF-MFI mobilised over three times the base issue of Rs 200 crore even as it was aiming to raise up to Rs 1,000 crore t...
- IIFL Samasta to raise up to Rs 1,000 cr via bonds, offers up to 10.50% return per annumNCD is available in tenors of 24 months, 36 months and 60 months. The frequency of interest payment is available on monthly and annual basi...
- IIFL Finance raises $50 million from Japan's Mizuho BankThe loan, priced at 120 basis points over Tokyo overnight average rate (Tonar), will be used for onward retail lending. One basis point is ...
- IIFL Samasta aims to raise Rs 1,000 crore in public bondsIIFL 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...
- Invent ARC plans to boost assets with focus on small-ticket loans"About 25% of our book is retail loans within which there is now a potentially growing book for micro finance loans. In the last three quar...
- IIFL Finance Q4 Results: PAT jumps 17% YoY to Rs 269 croreOn a consolidated basis, IIFL Finance's net profit was at Rs 458 crore against Rs 321 crore. The consolidated result includes earnings of i...
- IIFL Finance raises stake in microfin arm IIFL Samasta to 99 pcIIFL Samasta is a microfinance institution that caters to the financial needs of women borrowers. It provides small-ticket microfinance loa...
- IIFL Fin gets board nod for Rs 5,000-crore bond issue"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 secu...
- IIFL Finance falls 4% as British International offloads stake in firmMax Life Insurance company acquired 24.6 lakh equity shares in the financial firm and Nomura India Investment Fund Mother Fund bought 44,74...
- Biggest gainers & losers of the day: HCC zooms 20%, Whirlpool drops 5%Among the gainers, RIIL and HCC zoomed 20 per cent each. HFCL was in demand ahead of its QIP. IFCI continued to move higher. Whirlpool cras...
- Fairfax sells 3.2% stake in IIFL Finance for Rs 365 croreThe shares were offloaded at Rs 300.04 apiece, valuing the transaction size at Rs 365 crore.
- All our three businesses have done well: Prabodh Agrawal, IIFLWe are ranked number one in money raised in primary and secondary markets via IPOs, QIPs, FPOs
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