NBFC sets April 23 as record date, shares issue price

IIFL Finance rights issue: NBFC sets April 23 as record date, shares issue price, other details IIFL Finance Ltd on Wednesday said its board approved terms of its proposed rights issue. The NBFC said the rights issue for an amount aggregating up to Rs 1,271.83 crore will open on April 30, in accordance with the Companies Act, 2013 and the rules made thereunder, as amended, the Sebi (Issue of Capital and Disclosure Requirements) Regulations, 2018. The rights issue size stands at 4,23,94,270 fully paid-up equity shares each for amount aggregating up to Rs 1,271.83 crore while the rights issue price is set at Rs 300 per fully paid-up share, which included a premium of Rs 298 per share. The record date for the same is Tuesday, April 23, 2024. The rights issue, IIFL Finance said, will open on Tuesday, April 30, 2024. It would conclude on Tuesday, May 14, 2024. Prior to the rights issue, IIFL Finance has 38,15,48,435 fully paid equity shares. Post the issue it would have 42,39,42,705 fully paid equity shares. This is based on the assumption of full subscription to the issue and subject to finalisation of the basis of allotment. [Read more](3D/0/2) If you would prefer not receiving our emails, please [Click Here](3D)