Debt

Debt financing

IIFL Finance to get $200-M liquidity support from shareholder Fairfax

Economic Times  

Fairfax India, which holds 15% stake in IIFL Finance, will be providing USD 200 million in liquidity support to the company. The development comes days after the Reserve Bank of India barred IIFL from disbursing gold loans. The move is aimed at quelling liquidity concerns among investors and lenders.IIFL Finance's gold loans under management stood at INR 24,692 crore as of December 31, accounting for around 32% of total loan assets.