Fairfax arm infuses Rs 500 crore into IIFL Finance: Sources - The Economic Times

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Fairfax arm infuses Rs 500 crore into IIFL Finance: Sources - The Economic Times. View article details on HISWAI: https://m.economictimes.com/industry/banking/finance/fairfax-arm-infuses-rs-500-crore-into-iifl-finance/articleshow/109323304.cms

Summary

Fairfax Financial, a significant stakeholder in IIFL Group's entities including IIFL Finance, provided a Rs 500-crore bond lifeline after RBI banned IIFL Finance from issuing new gold loans. This financial support addresses potential liquidity constraints faced by the brokerage firm.

Article found on: m.economictimes.com

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