Business · India Bureau
IIFL Finance to deploy bulk of ₹6,414 crore capital raise into lending
The non-bank lender plans to channel 70 per cent of its capital raise towards gold loans and secured business lending, with remaining funds allocated towards debt repayment.
LSN India ·
IIFL Finance announced plans to deploy the majority of its ₹6,414 crore capital raise into fresh lending initiatives, according to the company's founder. The financial services firm will channel 70 per cent of the raised capital—approximately ₹4,490 crore—into two key lending segments: gold loans and secured business lending.
The remaining 30 per cent of the capital raise, estimated at around ₹1,924 crore, will be utilised for debt repayment, helping strengthen the company's balance sheet and improve its financial position.
The dual strategy reflects IIFL Finance's focus on expanding its lending portfolio while simultaneously managing its debt obligations. Gold loans and secured business lending represent core segments for the non-banking financial company, which serves customers across retail and commercial verticals.
The capital raise underscores the company's confidence in market demand for its lending products and its commitment to supporting credit growth in the Indian economy. The deployment plan aligns with IIFL Finance's broader growth objectives as it seeks to expand its market presence in the competitive non-bank lending sector.