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India's household gold stock, built over generations through weddings, inheritance and savings, holds the real answer to the country's import dependence on the metal, according to Mayank Sharma, President and Head, Gold Loans, IIFL Finance, who said "circulation" rather than "abstinence" should be the guiding principle of the country's gold economy.
IIFL Finance Limited ("IIFL Finance" or "the Company") today announced the successful completion of a ₹25 crores tokenised bond transaction, becoming the first Non-PSU Non-Banking Financial Company (NBFC) in India to undertake a transaction of this nature. The transaction was executed on the Metropolitan Stock Exchange of India (MSEI), which provided the bidding platform for the deal, with Trust Investment Advisors Private Limited acting as the Sole Arranger and Advisor. The bonds will be listed
Fairfax is looking at exit from IIFL Finance as it works to align with regulatory norms ahead of a possible acquisition of IDBI.
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