IIFL Finance Shares Jump 10% On Rs 6,414 Crore Capital Plan

Shares of IIFL Finance surged over 10 percent following the announcement of a massive Rs 6,414 crore capital raising plan. The fundraising initiative is primarily led by private equity firm Blackstone alongside Anchorage Capital. This strategic financial infusion is expected to significantly strengthen the company's capital reserves and support its future expansion plans.