IIFL Finance Limited has informed the Exchanges about Acquisition of Xtracap Fintech India Private Limited by IIFL Fintech Private Limited, wholly-owned subsidiary of Company.
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IIFL Finance Limited's wholly-owned subsidiary, IIFL Fintech Private Limited, has approved the acquisition of Xtracap Fintech India Private Limited. The deal involves cash consideration of approximately ₹37.7 crore, structured as Stage I secondary acquisition (~₹25.7 crore) and Stage II primary capital infusion (~₹12 crore). Post-acquisition, IIFL Fintech will hold approximately 87.8% stake in Xtracap. The target company operates in supply chain financing with FY2025 turnover of ₹7.03 crore and is currently in a scale-up phase. This is a related party transaction being undertaken at arm's length, expected to complete within 45 days.
The acquisition strengthens IIFL Finance's presence in supply chain financing, an underserved trade credit market in India, and is expected to enhance MSME lending capabilities and portfolio diversification over the medium term.