IIFL Finance Plans ₹10,000 Crore Capital Raise; Board Approves Higher Borrowing Limits

IIFL Finance is preparing to strengthen its balance sheet after its board cleared a proposal to raise up to ₹10,000 crore through the issue of equity shares or other eligible securities.

The fundraising plan is subject to shareholder and regulatory approvals. According to the company, the capital may be raised in one or multiple tranches depending on market conditions and business requirements.

The announcement comes alongside a series of other board approvals aimed at expanding the company's funding flexibility.

Ahead of the announcement, IIFL Finance shares ended Thursday's trading session at ₹509.10 on the Bombay Stock Exchange (BSE), down 3.06%. And on 29 Jun 2026, the shares continued their downwad spiral, trading at ₹494.80, down 2.92%.

Company Keeps Multiple Fundraising Options Open

Instead of opting for a single route, IIFL Finance has sought approval to access capital through several avenues.

The company said the proposed fundraising could be carried out through a public issue, rights issue, qualified institutional placement (QIP), preferential allotment, private placement or a combination of these methods.

It also clarified that the enabling resolution does not mean an immediate issuance. The board or its authorised committees will decide the timing, size and structure of any capital raise based on future funding needs and prevailing market conditions.

Overseas Borrowing Capacity Doubled

Along with the equity fundraising proposal, the board approved an expansion of the company's Global Medium Term Notes (GMTN) programme.

The limit has been increased from $1 billion to $2 billion, giving the non-banking financial company (NBFC) additional room to tap international debt markets whenever required.

The company has also proposed raising its overall borrowing limit from ₹60,000 crore to ₹75,000 crore. The ceiling for creating security on its assets has been revised to the same amount.

Both proposals will require shareholder approval at the upcoming annual general meeting.

Also Read - PFC-REC Merger Gets Board Nod; Combined Loan Book To Exceed ₹11 Lakh Crore

CFO Role Sees Leadership Change

The board also announced changes in the finance leadership team.

Kapish Jain has stepped down as Chief Financial Officer and will take up another role within the organisation.

Vikas Jain has been appointed as the new Chief Financial Officer and Key Managerial Personnel with effect from 27 June.

According to the company, he brings more than 20 years of experience across finance, treasury, fundraising and regulatory compliance. Before joining IIFL Finance, he held senior positions at Hinduja Leyland Finance, Bajaj Finance, Bajaj Housing Finance and PwC.