The Board of Directors of IIFL Finance Limited ('Company') as well as the Board of Directors of IIFL Home Finance Limited ('Subsidiary Company'), a material subsidiary of the Company, at its meeting held today, i.e. June 09, 2022 has approved the transaction involving investment by a wholly owned subsidiary of Abu Dhabi Investment Authority ('Investor') in the Subsidiary Company ("Transaction').
Upon completion of the Transaction, the Investor will hold 20% of the share capital (calculated on a fully diluted) of the Subsidiary Company and resultantly, the present shareholding of the Company in the Subsidiary Company will get diluted. The completion of the Transaction is subject to requisite approvals.
Shares of IIFL Finance Limited was last trading in BSE at Rs. 326.40 as compared to the previous close of Rs. 333.05. The total number of shares traded during the day was 20371 in over 895 trades.
The stock hit an intraday high of Rs. 337.00 and intraday low of 325.00. The net turnover during the day was Rs. 6750436.00.