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IIFL Finance Limited ( (IN:IIFL) ) has shared an announcement.
IIFL Finance’s wholly owned subsidiary, IIFL Fintech Private Limited, has approved the acquisition of Xtracap Fintech India Private Limited, a supply chain financing specialist with FY25 turnover of ₹7.03 crore that is currently in a scale-up phase. The related-party transaction, to be executed on an arm’s length basis and expected to close within 45 days, will allow IIFL to build a stronger presence in India’s underserved trade credit market, bolster its MSME lending franchise, diversify its portfolio and improve medium-term return metrics, reinforcing the group’s strategic push into fintech-led supply chain finance.
More about IIFL Finance Limited
IIFL Finance Limited is a diversified non-banking financial services company in India, operating through subsidiaries across lending and fintech. Its offerings span retail and MSME credit, and it increasingly leverages digital platforms via units such as IIFL Fintech Private Limited to expand into niche segments of the financial services market.
Average Trading Volume: 114,934
Technical Sentiment Signal: Hold
Current Market Cap: 190B INR
See more data about IIFL stock on TipRanks’ Stock Analysis page.