CARE updates on ratings of IIFL Finance Ltd and its subsidiary

CARE Ratings Limited ("CARE"), the credit rating agency, has reaffirmed its 'CARE AA' rating with outlook Negative to the various debt instruments (Non-Convertible Debentures and Subordinated Debt) and long term bank facilities of IIFL Finance Limited ("IIFL").

CARE has also reaffirmed its 'CARE AA' rating with outlook Negative to the IIFL Home Finance Limited ("IHFL") a material wholly owned subsidiary of the Company for Non-Convertible Debentures issued by IIFL Home Finance Limited.

Shares of IIFL Holdings Limited was last trading in BSE at Rs. 115.85 as compared to the previous close of Rs. 114.40. The total number of shares traded during the day was 1,08,093 and the deliverable quantity was 62,132 shares.

The stock hit an intraday high of Rs. 118.70 and intraday low of Rs. 113.85.

Source : Equity Bulls

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