IIFL arm looks to raise $109m from institutional investors

IIFL arm looks to raise $109m from institutional investors

The wealth management subsidiary of IIFL Holdings Ltd on Tuesday said it will raise Rs745.71 crore from a clutch of leading institutional investors. The fund-raising will take IIFL Wealth Management Ltd’s valuation to Rs14,622 crore, up three-fold since 2015.

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