3/18/2021 0 Comments Iifl Download
Related Stocks in the news: Axis Bank, ITC, Bajaj Finance, IDBI Bank, HDFC AMC, Piramal Enterprises and Sobha Dependence on H-1B has fallen significantly: Infosys CEO Agencies keen to withdraw ratings of over 10,000 companies not sharing info Related Companies NSE BSE IIFL Finance Ltd.PEER COMPANIES Mumbai: Fairfax-backed IIFL Finance Ltd, a leading financial services player, is in talks with global funds including SSG Capital, Apollo Global Management and Cerberus Capital to sell its wholesale lending portfolio, multiple people aware of the development said.The Covid-19 pandemic has increased the vulnerability of the situation, said one of the people.
The home loans segment constitutes 33, business loans 21, gold 24 and microfinance 9 of the total assets under management. After IIFL Finance received non-banking finance company approval from the Reserve Bank of India (RBI), India Infoline Finance Ltd, the subsidiary, was merged with IIFL Finance Ltd with effect from March 30 this year. In March, Hong Kong-based SSG had outbid Cerberus Capital Management LP to acquire the loan portfolio of stressed real estate lending firm Altico Capital Ltd. Lenders led by State Bank of India accepted SSG Capitals offer of Rs 2,754 crore upfront payment and the rest through security receipts. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) 1 Comment on this Story Be Positive 33 days ago IIFL has hidden its NPA in the wholesale lending book by a large margin. For reprint rights: Times Syndication Service To see your saved stories, click on link hightlighted in bold Find this comment offensive Choose your reason below and click on the Report button. This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others Your Reason has been Reported to the admin. X To post this comment you must Log InConnect with: The Economic Times or Fill in your details: Will be displayed Will not be displayed Will be displayed Share this Comment: Post to Twitter.
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