India's IIFL Finance to raise up to $242m via share, debenture issues

India's IIFL Finance to raise up to $242m via share, debenture issues

Photo by Josh Appel on Unsplash

IIFL Finance said on Wednesday it would raise funds of up to 20 billion rupees ($241.5 million) as the non-bank lender looks to shore up capital after India’s central bank barred it from offering gold loans.