MoneyWorks4Me

IIFL Finance informs about updates for wholly owned subsidiary company

19 Jan 2021 Evaluate
IIFL Finance has informed that its Wholly owned Subsidiary Company IIFL Home Finance and Standard Chartered Bank have entered into a Co-Lending arrangement for extending credit to the MSME loans (loan against property). Under this partnership, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing. Definitive Agreements for the said Co-Lending arrangement have been executed between the IIFL Home Finance and Standard Chartered Bank on January 16, 2021 and the same is intimated by IIFL Home Finance to the National Stock Exchange of India (NSE) on January 18, 2021 where the IIFL Home Finance is listed.

The above information is a part of company’s filings submitted to BSE.

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