5.71 crore preferential shares allotted at INR 350 each
IIFLCAPS · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 0.7 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IIFL Capital Services approved the allotment of 57,142,857 fully paid shares to FIH Mauritius Investments Ltd at INR 350 per share, for total consideration of about INR 2,000 crore. Issued and paid-up shares increased from 315,532,512 to 372,675,369. The new shares are due to be listed on BSE and NSE.
The larger share count may reduce existing shareholders' ownership. Listing will make the new shares tradable; no earnings impact is disclosed.