Barred from gold loans, India's IIFL Finance looks to raise $152m via share sale

Barred from gold loans, India's IIFL Finance looks to raise $152m via share sale

India’s IIFL Finance will raise 12.72 billion rupees ($152 million) by selling shares, the non-bank lender said on Wednesday, aiming to shore up capital a month after the central bank barred it from offering gold loans.

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