News for IIFL Finance Limited (IIFL.NS)

The base issue size of the NCD is ₹100 crore, with a green shoe option to retain over-subscription of up to ₹400 crore.

Shares of Patanjali Foods plunged over 13% on Friday after NSE approved its inclusion in Futures and Options contracts. The exchange also approved the inclusion of Amara Raja Energy & Mobility Ltd., IIFL Finance Ltd., and Titagarh Rail Systems Ltd. Patanjali Foods reported a 20.2% jump in net profit in the third quarter. Net profit stood at Rs 371 crore in the October-December period, compared to Rs 309 crore in the same period last year.

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NIIFL.NS - IIFL Finance LtdQ3 2025 IIFL Finance Ltd Earnings CallFeb 13, 2025 / 09:00AM GMT ===

Shares of NBFCs Manappuram Finance and IIFL Finance closed 6 per cent lower on Friday’s trading session, following weak Q3 results. These stocks depreciated 13% and 8%, respectively, in early trade.

Manappuram Finance Ltd fell 6.4 per cent to hit a low of Rs 181.80 on BSE. IIFL Finance declined 2.73 per cent to a low of Rs 322.30. Fusion Finance was down 3.86 per cent at Rs 163 on BSE.

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The IT department conducted raids on premises linked to the IIFL Group for suspected tax evasion. Major entities involved include IIFL Finance, 360 One Wam, and IIFL Securities. The raids, led by the Mumbai investigation wing, targeted several locations and are expected to continue for a few days.

Fitch Ratings predicts challenges for smaller NBFIs due to regulatory tightening, while larger lenders are expected to perform steadily.

IIFL Finance shares closed 1.44% higher at Rs 398.65 on Thursday against the previous close of Rs 398.65 on BSE. Market cap of the NBFC stood at Rs 16,921 crore.

The Nifty Realty index was trading 1.1 per cent up at 1080.75.

The Nifty Pharma index was trading 0.01 per cent down at 22928.35.

The Nifty IT index was trading 0.05 per cent up at 41965.0.

The NSE Nifty index was trading 147.5 points up at 25563.3

IIFL Finance share price Today: The uptick in IIFL Finance share price came after the Reserve Bank of India (RBI) lifted ban on the company's gold finance business.

These restrictions were earlier imposed on March 04, 2024, which prohibited the Company from sanctioning, disbursing, or assigning/securitising/selling any of its gold loans.

Nifty Midcap 100 slipped below the 59,000 mark, meanwhile, Nifty SmallCap 100 declined below 19,100

Stock Markets LIVE updates, today, August 12, 2024: In the broader markets, the BSE MidCap and SmallCap indices edged 0.48 per cent and 0.46 per cent lower, respectively

Earnings call: Fairfax announced net earnings of $915 million

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