IIFL Wealth Management gains on raising Rs 120 crore through NCDs

28 Dec 2021 Evaluate

IIFL Wealth Management is currently trading at Rs. 1417.55, up by 4.55 points or 0.32% from its previous closing of Rs. 1413.00 on the BSE.

The scrip opened at Rs. 1413.00 and has touched a high and low of Rs. 1425.85 and Rs. 1413.00 respectively. So far 66 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. 986.05 on 28-Dec-2020.

Last one week high and low of the scrip stood at Rs. 1435.40 and Rs. 1380.00 respectively. The current market cap of the company is Rs. 12585.64 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 120 crore through rated secured redeemable principal protected market linked non-convertible debentures (NCDs) and allotted 1,200 NCDs having face value of Rs 10 lakh each, on a private placement basis. The Resource Raising Committee of the Company at its meeting held on December 27, 2021 has approved the same.

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

360 One Wam Share Price

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