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SBI sells 4% stake in Cibil to IIFL for around Rs 72 cr

State Bank of India has sold 4 percent stake in the largest credit information company Credit Information Bureau India Ltd (Cibil) for an estimated Rs 72 crore.

NSEL scam: Brokers of IIFL, Anand Rathi, Geojit arrested

Three senior officials of commodity brokerages IIFL, Anand Rathi and Geojit Comtrade were arrested Tuesday in connection with the Rs 5,600-crore National Spot Exchange scam.

India Infoline completes sale of 76% stake in Lankan unit

IIFL on Friday said it has completed sale of its 76 percent stake to its Sri Lankan subsidiary.

IIFL Q1 Net up 21% at Rs 63 cr

Total income of the company grew to Rs 676 crore in the first quarter, up 16 percent from a year ago.

IIFL raises alternate investment fund of Rs 628 crore

In a statement, the company has claimed that the commitments of Rs 628 crore it has received for the IIFL Income Opportunities Fund is the country's largest AIF fund raising till date.

IIFL group pitches for banking entry

"I am confident each of our over 4,000 branches spanning 900 locations can be converted into a bank," IIFL group Chairman Nirmal Jain said.

IIFL expects capital adequacy to grow to 23% post-NCD issue

The financial services firm, a unit of India Infoline, plans to raise Rs 500 crore through a public issue of un- secured redeemable non-convertible debentures (NCDs), which will open for subscription on September 5 and close on September 18.

IIFL net flat in Q4 at 46.9 cr despite 72.5% rise in income

Net profit stood at Rs 46.79 crore in the same period last year.

IIFL ropes in Nomura's Goel as i-banking president

Diversified financial services provider India Infoline (IIFL) on Friday appointed Nipun Goel as president of its investment banking division.

IIFL net plunges 46.6% to Rs 35.8 cr

Financial services provider India Infoline (IIFL) on Saturday reported a 46.6 percent drop in its net profit to Rs 35.81 crore in the third quarter owing to sluggish growth in equities trading volume.