IIFL Wealth Management zooms on raising Rs 100.05 crore through NCDs

IIFL Wealth Management is currently trading at Rs. 1449.90, up by 35.45 points or 2.51% from its previous closing of Rs. 1414.45 on the BSE.

The scrip opened at Rs. 1418.00 and has touched a high and low of Rs. 1454.00 and Rs. 1418.00 respectively. So far 338 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1818.00 on 14-Sep-2021 and a 52 week low of Rs. 990.00 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 1454.00 and Rs. 1392.95 respectively. The current market cap of the company is Rs. 12857.81 crore.

The promoters holding in the company stood at 22.78%, while Institutions and Non-Institutions held 27.06% and 50.16% respectively.

IIFL Wealth Management has raised Rs 100.05 crore through rated secured redeemable principal protected market linked non-convertible debentures (NCDs) and allotted 1,000 NCDs having face value of Rs 10 lakh each, at an issue price of Rs 10,00,557, on a private placement basis. The Resource Raising Committee of the Company at its meeting held on December 30, 2021 has allotted the same.

IIFL Wealth Management engages in the retail of financial products and services in India.

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