{"id":113788,"date":"2023-11-16T13:09:25","date_gmt":"2023-11-16T07:39:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113788"},"modified":"2023-11-16T13:35:17","modified_gmt":"2023-11-16T08:05:17","slug":"nbfc-stock-in-green-after-companys-board-approves-investment-of-200-cr-into-its-subsidiary","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-in-green-after-companys-board-approves-investment-of-200-cr-into-its-subsidiary\/","title":{"rendered":"NBFC stock in green after company&#8217;s board approves investment of \u20b9 200 Cr into its subsidiary\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3395157513\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading non banking financial companies (NBFC) gains marginally in the day\u2019s trade after its board approves capital infusion of ~Rs. 200 Crores into its subsidiary.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3555302719\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:20 p.m the shares of IIFL Finance Limited were trading at Rs. 633.65, up 0.19 percent from its previous day close price of Rs. 632.45 and its market capitalization is Rs. 24,125 Crores.&nbsp;<\/p><p>As per the company\u2019s filing, the board of directors of IIFL Finance Limited have approved to infuse additional funds to the extent of Rs. 199.99 Crores, into its subsidiary IIFL Samasta Finance Limited by way of subscription of 7,47,94,315 equity shares at Rs. 16.74 per share through rights issue and the raised funds will be used to support growth, reduce gearing and improve capital adequacy of the company.&nbsp;<\/p><p>Its revenue from operations grew 20.84 percent from Rs. 6,287.73 Crores in FY22 to Rs. 7,597.79 Crores in FY23, accompanied by increasing profits of Rs. 1,187.89 Crores to Rs. 1,500.3 Crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2624661584\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It has reported a return on equity (ROE) of 20.83 percent and a return on capital employed (ROCE) of 11.8 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold 24.81 percent stake, the Domestic Institutional Investors hold 7.30 percent and the Foreign Institutional Investors (FII) hold 28.31 percent.&nbsp;<\/p><p>IIFL Finance Limited is a non banking financial company (NBFC), it has a wide range of product and services portfolio that includes home loans, gold loans, business loans, micro finance, developer &amp; construction finance and capital market finance, catering to both retail and corporate clients.&nbsp;<\/p><p><strong>Written by: Bharath K.S<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3086827421\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading non banking financial companies (NBFC) gains marginally in the day\u2019s trade after its board approves capital infusion of ~Rs. 200 Crores into its subsidiary.&nbsp; At 12:20 p.m the shares of IIFL Finance Limited were trading at Rs. 633.65, up 0.19 percent from its previous day close price of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-113788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin 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