IIFL Finance to increase foreign borrowings to 20% by FY27
after close1 source ↓written by the desknot a recommendation
- of total liabilities
- 20%
- currently
- 13%
- borrowings stand
- ₹5,937 cr
- in external loans
- ₹2,257 cr
- in dollar bonds
- ₹3,680 cr
IIFL Finance plans to boost its External Commercial Borrowings (ECB) and foreign currency borrowings to 20% of total liabilities by FY27, up from 13% currently. The company's total external borrowings stand at ₹5,937 cr, with ₹2,257 cr in external loans and ₹3,680 cr in dollar bonds. This shift aims to enhance liquidity and diversify funding sources.
Not investment advice. For informational purposes only.