IIFL Finance announces CFO transition, fund raise approvals, and borrowing limit hike
IIFL Finance · Finance
Key highlights
- Mr. Kapish Jain stepping down as CFO and moving to another role effective June 26, 2026; Mr. Vikas Jain appointed CFO effective June 27, 2026
- Board approved enabling resolution for issuing equity shares or other securities up to ₹10,000 crore, subject to regulatory approvals and member consent at AGM
- Borrowing and security creation limit increased from ₹60,000 crore to ₹75,000 crore, and GMTN programme limit raised from USD 1 billion to USD 2 billion
Why it's rated notable: not yet binding (letter of intent, proposal or subject to approvals)
Original filing
Board Meeting Outcome for Outcome Of The Board Meeting
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from IIFL Finance
- Acquisition / mergerMajor developmentIIFL Finance Sept 2026 results; R Venkataraman re-designation awaits members' approval
- Acquisition / mergerMajor developmentIIFL Finance Q2 PAT ₹805.01 crore; Joint MD re-designation awaits members' approval
- Credit ratingNotableIIFL Finance Limited's Credit Rating Upgraded by Fitch Ratings to 'BB-'
- Financial resultsMajor developmentIIFL Finance reports June 2026 quarter results; Amit Sharma steps down
- Fundraise / allotmentNotableIIFL Finance Limited allots USD 300 million Fixed Rate Senior Secured Notes
Other fundraise / allotment filings this fortnight
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
- Chaman Metallics Limited announces H1 FY27 financial results and proposed Rights Issue
- Harmony Capital Services receives BSE approval for preferential issue of shares
- Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.