IIFL Capital Service
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June 30 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES LTD - RECEIVED A COMPOUNDING ORDER FROM RESERVE BANK OF INDIA
IIFL CAPITAL SERVICES LTD - THERE IS NO MATERIAL IMPACT ON IN MONETARY TERMS TO EXTENT POSSIBLE
IIFL CAPITAL SERVICES LTD - COMPOUNDING AMOUNT OF 214,858 RUPEES
Source text: ID:nBSEbFXB6g
Further company coverage: IIFS.NS
(([email protected];))
June 30 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES LTD - RECEIVED A COMPOUNDING ORDER FROM RESERVE BANK OF INDIA
IIFL CAPITAL SERVICES LTD - THERE IS NO MATERIAL IMPACT ON IN MONETARY TERMS TO EXTENT POSSIBLE
IIFL CAPITAL SERVICES LTD - COMPOUNDING AMOUNT OF 214,858 RUPEES
Source text: ID:nBSEbFXB6g
Further company coverage: IIFS.NS
(([email protected];))
May 12 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES - MINISTRY OF CORPORATE AFFAIRS APPROVES INCORPORATION OF IIFL CAPITAL (IFSC)LIMITED ON MAY 11, 2026 IN GIFT CITY
Source text: ID:nNSE5Wnvhk
Further company coverage: IIFS.NS
(([email protected];;))
May 12 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES - MINISTRY OF CORPORATE AFFAIRS APPROVES INCORPORATION OF IIFL CAPITAL (IFSC)LIMITED ON MAY 11, 2026 IN GIFT CITY
Source text: ID:nNSE5Wnvhk
Further company coverage: IIFS.NS
(([email protected];;))
May 7 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES LTD - FAIRFAX INDIA TO INVEST 20 BILLION RUPEES IN IIFL CAPITAL AT 350 RUPEES PER SHARE
Source text: ID:nBSE5lWVyM
Further company coverage: IIFS.NS
(([email protected];))
May 7 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES LTD - FAIRFAX INDIA TO INVEST 20 BILLION RUPEES IN IIFL CAPITAL AT 350 RUPEES PER SHARE
Source text: ID:nBSE5lWVyM
Further company coverage: IIFS.NS
(([email protected];))
May 4 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
MARCH-QUARTER CONSOL NET PROFIT 1.15 BILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE 6.55 BILLION RUPEES
Source text: ID:nBSE6cCV9L
Further company coverage: IIFS.NS
(([email protected];;))
May 4 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
MARCH-QUARTER CONSOL NET PROFIT 1.15 BILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE 6.55 BILLION RUPEES
Source text: ID:nBSE6cCV9L
Further company coverage: IIFS.NS
(([email protected];;))
April 23 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
UNIT GETS TAX DEMAND OF 494.6 MILLION RUPEES
Source text: ID:nBSE4MSgRC
Further company coverage: IIFS.NS
(([email protected];;))
April 23 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
UNIT GETS TAX DEMAND OF 494.6 MILLION RUPEES
Source text: ID:nBSE4MSgRC
Further company coverage: IIFS.NS
(([email protected];;))
** Shares of India's IIFL Capital Services IIFS.NS rose as much as 6.2% to close at 330 rupees
** Fairfax Financial FFH.TO in final stages to acquire an additional stake of about 10% in IIFS via preferential allotment, NDTV Profit reported on Tuesday
** Deal is valued at about 10 billion rupees ($106.95 million) at current market price, as per report
** FFH holds a 27.18% stake in IIFL as of December 31, 2025, according to LSEG data
** YTD stock down 14.45%
($1 = 93.5000 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
** Shares of India's IIFL Capital Services IIFS.NS rose as much as 6.2% to close at 330 rupees
** Fairfax Financial FFH.TO in final stages to acquire an additional stake of about 10% in IIFS via preferential allotment, NDTV Profit reported on Tuesday
** Deal is valued at about 10 billion rupees ($106.95 million) at current market price, as per report
** FFH holds a 27.18% stake in IIFL as of December 31, 2025, according to LSEG data
** YTD stock down 14.45%
($1 = 93.5000 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
March 24 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES LTD - APPROVES INCREASE IN BORROWING LIMITS UP TO 70 BILLION RUPEES
Source text: ID:nBSE7PmVq1
Further company coverage: IIFS.NS
(([email protected];))
March 24 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES LTD - APPROVES INCREASE IN BORROWING LIMITS UP TO 70 BILLION RUPEES
Source text: ID:nBSE7PmVq1
Further company coverage: IIFS.NS
(([email protected];))
March 2 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
MCX LEVIED MONETARY PENALTY ON CO OVER ALLEGED ABNORMAL, NON-GENUINE TRADES
Source text: ID:nBSE3z0J9H
Further company coverage: IIFS.NS
(([email protected];;))
March 2 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
MCX LEVIED MONETARY PENALTY ON CO OVER ALLEGED ABNORMAL, NON-GENUINE TRADES
Source text: ID:nBSE3z0J9H
Further company coverage: IIFS.NS
(([email protected];;))
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, Feb 11 (Reuters) - India's IIFL Finance (IIFL.NS) is set to launch its largest-ever public bond issue of 20 billion rupees ($220.60 million), its second such offering this financial year, a company official and two sources familiar with the matter told Reuters on Wednesday.
The Fairfax-backed non-banking finance company will issue bonds maturing in two years, three years and five years, with annual, monthly, and end-of-term interest payment options, according to the sources.
The company will pay an annual coupon of 8.70% on two-year bonds and 8.85% on three-year papers. It will pay 9.00% for the five-year debt.
Nirmal Jain, managing director at IIFL Finance, confirmed the details of the public bond issue and said the company aims to diversify its funding sources and expects demand for public bonds to rise.
These bonds have been assigned a rating of AA by Crisil Ratings and AA+ by Brickwork Ratings.
IIFL Capital Services, Nuvama Wealth Management and Trust Investment Advisors are the lead managers for the issue, which is likely to open for subscription next week, one of the sources said.
"The proceeds from the fundraise will be utilised for onward lending, refinancing of existing borrowings and general corporate purposes," they said.
The sources requested anonymity as they are not authorised to speak to the media.
In April 2025, the company had raised 5 billion rupees through a similar issue.
Public bonds have been picking up in India, with Indian companies raising around 71 billion rupees through public issue of bonds in the first nine months of this fiscal year, according to the Securities and Exchange Board of India.
($1 = 90.6630 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Janane Venkatraman)
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, Feb 11 (Reuters) - India's IIFL Finance (IIFL.NS) is set to launch its largest-ever public bond issue of 20 billion rupees ($220.60 million), its second such offering this financial year, a company official and two sources familiar with the matter told Reuters on Wednesday.
The Fairfax-backed non-banking finance company will issue bonds maturing in two years, three years and five years, with annual, monthly, and end-of-term interest payment options, according to the sources.
The company will pay an annual coupon of 8.70% on two-year bonds and 8.85% on three-year papers. It will pay 9.00% for the five-year debt.
Nirmal Jain, managing director at IIFL Finance, confirmed the details of the public bond issue and said the company aims to diversify its funding sources and expects demand for public bonds to rise.
These bonds have been assigned a rating of AA by Crisil Ratings and AA+ by Brickwork Ratings.
IIFL Capital Services, Nuvama Wealth Management and Trust Investment Advisors are the lead managers for the issue, which is likely to open for subscription next week, one of the sources said.
"The proceeds from the fundraise will be utilised for onward lending, refinancing of existing borrowings and general corporate purposes," they said.
The sources requested anonymity as they are not authorised to speak to the media.
In April 2025, the company had raised 5 billion rupees through a similar issue.
Public bonds have been picking up in India, with Indian companies raising around 71 billion rupees through public issue of bonds in the first nine months of this fiscal year, according to the Securities and Exchange Board of India.
($1 = 90.6630 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Janane Venkatraman)
Feb 10 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES LTD - DEC-QUARTER CONSOL NET PROFIT 1.87 BILLION RUPEES
IIFL CAPITAL SERVICES LTD - DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.86 BILLION RUPEES
Source text: [ID:]
Further company coverage: IIFS.NS
(([email protected];))
Feb 10 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES LTD - DEC-QUARTER CONSOL NET PROFIT 1.87 BILLION RUPEES
IIFL CAPITAL SERVICES LTD - DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.86 BILLION RUPEES
Source text: [ID:]
Further company coverage: IIFS.NS
(([email protected];))
- Source link: (https://bitl.to/5WMi)
- Note: Reuters has not verified this story and does not vouch for its accuracy
(Bengaluru newsroom)
(([email protected]; +91 80 6749 1310;))
- Source link: (https://bitl.to/5WMi)
- Note: Reuters has not verified this story and does not vouch for its accuracy
(Bengaluru newsroom)
(([email protected]; +91 80 6749 1310;))
July 21 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
WEALTH (UK) LIMITED DISSOLVED EFFECTIVE JULY 22, 2025
SUBSIDIARY IIFL WEALTH (UK) UNDERGONE VOLUNTARY STRIKE Off
Source text: ID:nBSE8WTBrw
Further company coverage: IIFS.NS
(([email protected];;))
July 21 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
WEALTH (UK) LIMITED DISSOLVED EFFECTIVE JULY 22, 2025
SUBSIDIARY IIFL WEALTH (UK) UNDERGONE VOLUNTARY STRIKE Off
Source text: ID:nBSE8WTBrw
Further company coverage: IIFS.NS
(([email protected];;))
** India's Bharat Electronics BAJE.NS and Trent TREN.NS gain 1% and 2.3%, respectively
** BAJE and TREN to replace IndusInd Bank INBK.NS and Nestle India NEST.NS on BSE Sensex BSESN, effective June 23, exchange operator said on Thursday
** Sensex inclusion to result in inflows worth $304 million for TREN and $354 million for BAJE, IIFL Securities estimates
** NEST and INBK to see outflows worth $220 million and $134 million on exclusion - IIFL
** INBK and NEST trading flat
(Reporting by Kashish Tandon in Bengaluru)
** India's Bharat Electronics BAJE.NS and Trent TREN.NS gain 1% and 2.3%, respectively
** BAJE and TREN to replace IndusInd Bank INBK.NS and Nestle India NEST.NS on BSE Sensex BSESN, effective June 23, exchange operator said on Thursday
** Sensex inclusion to result in inflows worth $304 million for TREN and $354 million for BAJE, IIFL Securities estimates
** NEST and INBK to see outflows worth $220 million and $134 million on exclusion - IIFL
** INBK and NEST trading flat
(Reporting by Kashish Tandon in Bengaluru)
April 23 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
BOARD TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES
Source text: ID:nBSE7X2SLm
Further company coverage: IIFS.NS
(([email protected];;))
April 23 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
BOARD TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES
Source text: ID:nBSE7X2SLm
Further company coverage: IIFS.NS
(([email protected];;))
** The worst for Indian markets is likely over, with positive price action expected in FY26, say two brokerages after analyzing derivatives positioning post-March series
** Nifty broke a five-month losing streak, gaining 4.6% in the March derivatives series
** IIFL Securities' Sriram Velayudhan notes that short-covering has lightened open interest in banks .NSEBANK and capital goods, which may fuel a rally in stocks such as Hindalco Industries HALC.NS and Larsen & Toubro LART.NS
** According to Nuvama's Abhilash Pagaria, FIIs drove the March rally by unwinding index shorts and increasing cash buying
** Pagaria expects strength in April but warns of rising volatility from mid-April earnings season
** Nifty futures and stock futures rollovers stood at 76% and 91%, slightly below the last three series' averages
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** The worst for Indian markets is likely over, with positive price action expected in FY26, say two brokerages after analyzing derivatives positioning post-March series
** Nifty broke a five-month losing streak, gaining 4.6% in the March derivatives series
** IIFL Securities' Sriram Velayudhan notes that short-covering has lightened open interest in banks .NSEBANK and capital goods, which may fuel a rally in stocks such as Hindalco Industries HALC.NS and Larsen & Toubro LART.NS
** According to Nuvama's Abhilash Pagaria, FIIs drove the March rally by unwinding index shorts and increasing cash buying
** Pagaria expects strength in April but warns of rising volatility from mid-April earnings season
** Nifty futures and stock futures rollovers stood at 76% and 91%, slightly below the last three series' averages
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Feb 18 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
UNIT RECEIVES SEBI REGISTRATION AS INVESTMENT ADVISER
Source text: ID:nBSEcbpmpY
Further company coverage: IIFS.NS
(([email protected];;))
Feb 18 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
UNIT RECEIVES SEBI REGISTRATION AS INVESTMENT ADVISER
Source text: ID:nBSEcbpmpY
Further company coverage: IIFS.NS
(([email protected];;))
Feb 11 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES DEC-QUARTER CONSOL NET PROFIT 1.97 BILLION RUPEES
IIFL CAPITAL SERVICES LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.83 BILLION RUPEES
IIFL CAPITAL SERVICES LTD - DIVIDEND 3 RUPEES PER SHARE
Source text: ID:nBSE1KDpDK
Further company coverage: IIFS.NS
(([email protected];))
Feb 11 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES DEC-QUARTER CONSOL NET PROFIT 1.97 BILLION RUPEES
IIFL CAPITAL SERVICES LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.83 BILLION RUPEES
IIFL CAPITAL SERVICES LTD - DIVIDEND 3 RUPEES PER SHARE
Source text: ID:nBSE1KDpDK
Further company coverage: IIFS.NS
(([email protected];))
Jan 29 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
INCOME TAX DEPARTMENT INITIATES SEARCH AT IIFL CAPITAL OFFICES
BUSINESS OPERATIONS CONTINUE NORMALLY
Source text: ID:nBSE4tlltY
Further company coverage: IIFS.NS
(([email protected];;))
Jan 29 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
INCOME TAX DEPARTMENT INITIATES SEARCH AT IIFL CAPITAL OFFICES
BUSINESS OPERATIONS CONTINUE NORMALLY
Source text: ID:nBSE4tlltY
Further company coverage: IIFS.NS
(([email protected];;))
NEW DELHI/MUMBAI, Jan 28 (Reuters) - India's income tax authorities are undertaking search operations at three IIFL group companies, IIFL Finance IIFL.NS, 360 One Wam ONEW.NS and IIFL Securities, two sources familiar with the development said on Tuesday.
It was not immediately clear what information was being sought by the tax officials as employees present in offices of the companies were not allowed to use phones, one of the sources said.
Shares of 360 One, down 7.6%, fell the most among IIFL group stocks, while IIFL Finance shares were down 3.5% and IIFL Capital Services IIFS.NS lost about 2.1% in mid-day trade.
IIFL group, the companies and the income tax department did not immediately respond to Reuters' request seeking comments.
(Reporting by Siddhi Nayak in Mumbai and Nikunj Ohri in New Delhi; Editing by Mrigank Dhaniwala)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
NEW DELHI/MUMBAI, Jan 28 (Reuters) - India's income tax authorities are undertaking search operations at three IIFL group companies, IIFL Finance IIFL.NS, 360 One Wam ONEW.NS and IIFL Securities, two sources familiar with the development said on Tuesday.
It was not immediately clear what information was being sought by the tax officials as employees present in offices of the companies were not allowed to use phones, one of the sources said.
Shares of 360 One, down 7.6%, fell the most among IIFL group stocks, while IIFL Finance shares were down 3.5% and IIFL Capital Services IIFS.NS lost about 2.1% in mid-day trade.
IIFL group, the companies and the income tax department did not immediately respond to Reuters' request seeking comments.
(Reporting by Siddhi Nayak in Mumbai and Nikunj Ohri in New Delhi; Editing by Mrigank Dhaniwala)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Dec 23 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES - LIVLONG PROTECTION & WELLNESS SOLUTIONS OBTAINS CORPORATE AGENT LICENSE
IIFL CAPITAL SERVICES - LICENSE ENABLES TO SOLICIT, PROCURE INSURANCE BUSINESS
Source text: ID:nBSEbZ5rrH
Further company coverage: IIFS.NS
(([email protected];))
Dec 23 (Reuters) - IIFL Capital Services Ltd IIFS.NS:
IIFL CAPITAL SERVICES - LIVLONG PROTECTION & WELLNESS SOLUTIONS OBTAINS CORPORATE AGENT LICENSE
IIFL CAPITAL SERVICES - LICENSE ENABLES TO SOLICIT, PROCURE INSURANCE BUSINESS
Source text: ID:nBSEbZ5rrH
Further company coverage: IIFS.NS
(([email protected];))
Adds details from paragraph 4
By Siddhi Nayak, Sarita Chaganti Singh and Nikunj Ohri
MUMBAI/NEW DELHI, Nov 28 (Reuters) - Indian lenders, including State Bank of India SBI.NS, are reviewing their exposure to Adani Group and examining whether they need to tighten their due diligence when offering new loans to them, after the U.S. accused Chairman Gautam Adani of bribery, eight bankers said.
Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI Bank and RBL Bank, which have a relatively smaller exposure to the group, are also undertaking a similar exercise.
A review would not necessarily entail any change in the lenders' credit approach with regards to the group.
A regulatory source aware of the development said from a banking system perspective there is no need to panic as no entity at this point is over exposed to the group.
The Reserve Bank of India did not reply to an email seeking comment.
SBI has the largest exposure to the Adani Group among Indian banks, with sanctioned loans of 338 billion rupees ($4 billion), according to IIFL Securities, a brokerage.
SBI won't stop lending to ongoing Adani projects that are nearing completion, sources said, but added the bank will exercise caution while disbursing loans to ensure all terms and conditions are being met by the group.
None of the bankers wished to be identified because they were not authorised to speak with the media. SBI, named lenders and the Adani Group did not immediately reply to an email seeking comment.
(Reporting by Sarita Chaganti Singh and Nikunj Ohri in New Delhi and Siddhi Nayak in Mumbai; Editing by Kim Coghill)
Adds details from paragraph 4
By Siddhi Nayak, Sarita Chaganti Singh and Nikunj Ohri
MUMBAI/NEW DELHI, Nov 28 (Reuters) - Indian lenders, including State Bank of India SBI.NS, are reviewing their exposure to Adani Group and examining whether they need to tighten their due diligence when offering new loans to them, after the U.S. accused Chairman Gautam Adani of bribery, eight bankers said.
Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI Bank and RBL Bank, which have a relatively smaller exposure to the group, are also undertaking a similar exercise.
A review would not necessarily entail any change in the lenders' credit approach with regards to the group.
A regulatory source aware of the development said from a banking system perspective there is no need to panic as no entity at this point is over exposed to the group.
The Reserve Bank of India did not reply to an email seeking comment.
SBI has the largest exposure to the Adani Group among Indian banks, with sanctioned loans of 338 billion rupees ($4 billion), according to IIFL Securities, a brokerage.
SBI won't stop lending to ongoing Adani projects that are nearing completion, sources said, but added the bank will exercise caution while disbursing loans to ensure all terms and conditions are being met by the group.
None of the bankers wished to be identified because they were not authorised to speak with the media. SBI, named lenders and the Adani Group did not immediately reply to an email seeking comment.
(Reporting by Sarita Chaganti Singh and Nikunj Ohri in New Delhi and Siddhi Nayak in Mumbai; Editing by Kim Coghill)
Oct 22 (Reuters) - IIFL Securities Ltd IIFS.NS:
SEPT-QUARTER CONSOL NET PROFIT 2.05 BILLION RUPEES
SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 6.45 BILLION RUPEES
Source text for Eikon: ID:nBSE359m5Q
Further company coverage: IIFS.NS
(([email protected];;))
Oct 22 (Reuters) - IIFL Securities Ltd IIFS.NS:
SEPT-QUARTER CONSOL NET PROFIT 2.05 BILLION RUPEES
SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 6.45 BILLION RUPEES
Source text for Eikon: ID:nBSE359m5Q
Further company coverage: IIFS.NS
(([email protected];;))
Aug 1 (Reuters) - IIFL Securities Ltd IIFS.NS:
SEBI HAS ISSUED AN ORDER
Source text for Eikon: ID:nNSE6cN1cL
Further company coverage: IIFS.NS
(([email protected];))
Aug 1 (Reuters) - IIFL Securities Ltd IIFS.NS:
SEBI HAS ISSUED AN ORDER
Source text for Eikon: ID:nNSE6cN1cL
Further company coverage: IIFS.NS
(([email protected];))
BENGALURU, July 31 (Reuters) - Shares of Indian brokerages fell on Wednesday, a day after the markets regulator proposed several measures to curb trading in options.
The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and hiking margins.
Shares of Angel One ANGO.NS, 5Paisa Capital PAIS.NS, SMC Global Securities SMCG.NS, Motilal Oswal MOFS.NS, Geojit Financial GEOJ.NS, Dolat Algotech DOLA.NS and IIFL Securities IIFS.NS fell between 1%-5%.
"Exchanges and retail focused brokers will be most impacted. Highest impact can come from reduction in the number of weekly option contracts," Jefferies said in a note.
"BSE can offset impact and even gain, if volumes spillover from discontinued products to those which are continued."
Shares of exchange operator BSE BSEL.NS rose 6%.
India has been flagging risks from speculative trading by retail investors, who have been funnelling savings into its booming options market. Last week, the government raised the tax derivative transactions.
In fiscal year 2024, over 9 million individuals and firms dabbled in index derivatives and incurred a loss of 516.89 billion rupees ($6.18 billion), as per a SEBI discussion paper.
Investec expects a 30% drop in number of derivative orders per client for Angel One and sees it raising prices to 25 rupees per order from 20 rupees.
Angel One has slipped more than 39% so far this year, the top loser among brokerages, while Dolat Algotech and Motilal Oswal MOFS.NS are the top gainers, up 117% and 113%, respectively.
India's largest discount brokerage, Zerodha, does not expect a large impact on trading volumes.
"The suggested changes, even with the securities transaction charge increase, won't really change options volumes," Nithin Kamath, CEO and co-founder of Zerodha, said on social media platform X.
($1 = 83.6980 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
BENGALURU, July 31 (Reuters) - Shares of Indian brokerages fell on Wednesday, a day after the markets regulator proposed several measures to curb trading in options.
The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and hiking margins.
Shares of Angel One ANGO.NS, 5Paisa Capital PAIS.NS, SMC Global Securities SMCG.NS, Motilal Oswal MOFS.NS, Geojit Financial GEOJ.NS, Dolat Algotech DOLA.NS and IIFL Securities IIFS.NS fell between 1%-5%.
"Exchanges and retail focused brokers will be most impacted. Highest impact can come from reduction in the number of weekly option contracts," Jefferies said in a note.
"BSE can offset impact and even gain, if volumes spillover from discontinued products to those which are continued."
Shares of exchange operator BSE BSEL.NS rose 6%.
India has been flagging risks from speculative trading by retail investors, who have been funnelling savings into its booming options market. Last week, the government raised the tax derivative transactions.
In fiscal year 2024, over 9 million individuals and firms dabbled in index derivatives and incurred a loss of 516.89 billion rupees ($6.18 billion), as per a SEBI discussion paper.
Investec expects a 30% drop in number of derivative orders per client for Angel One and sees it raising prices to 25 rupees per order from 20 rupees.
Angel One has slipped more than 39% so far this year, the top loser among brokerages, while Dolat Algotech and Motilal Oswal MOFS.NS are the top gainers, up 117% and 113%, respectively.
India's largest discount brokerage, Zerodha, does not expect a large impact on trading volumes.
"The suggested changes, even with the securities transaction charge increase, won't really change options volumes," Nithin Kamath, CEO and co-founder of Zerodha, said on social media platform X.
($1 = 83.6980 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Jayshree P Upadhyay and Jaspreet Kalra
MUMBAI, July 19 (Reuters) - Indian airlines and some brokerages faced technical and operational disruptions on Friday amid a global IT outage, multiple traders and airlines said.
Several major oil and gas trading desks in London and Singapore were struggling to execute trades due to a cyber outage, six industry sources told Reuters. LSEG Group's LSEG.L Workspace news and data platform also suffered an outage, affecting user access worldwide.
"We are currently experiencing technical challenges with our service provider, affecting online services including booking, check-in, and manage booking functionalities," SpiceJet SPJT.BO said on social media platform X.
Indigo, Akasa Air, Vistara, Air India and Air India Express also posted messages on X saying they were facing issues.
New Delhi airport said it too faced some IT issues and some services were temporarily affected.
Among the brokerages in India, Nuvama Wealth Management NUVA.NS, Edelweiss Mutual Fund, Motilal Oswal, IIFL Securities IIFS.NS, 5Paisa Capital PAIS.NS and Angel Broking are facing technical difficulties, traders at the brokerages told Reuters.
None of the brokerages responded to emails seeking confirmation and comment.
India's interbank trading platforms were functioning, however, and banks said they were able to execute bonds and foreign exchange transactions without any issues.
A source at the country's central bank said they were aware of the global outage but their systems were functional.
Widespread outages affecting banks, telecom networks and media were reported in Australia, possibly linked to an issue at global cybersecurity firm Crowdstrike CRWD.O. Major U.S. airlines also issued ground stops citing communications issues.
Crowdstrike ran a recorded phone message on Friday saying it was aware of reports of crashes on Microsoft's MSFT.O Windows operating system relating to its Falcon sensor.
(Reporting by Jayshree P Upadhyay and Jaspreet Kalra; Writing by Swati Bhat; Editing by Tom Hogue)
(([email protected]; twitter.com/swatibhat22; Reuters Messaging: [email protected]))
By Jayshree P Upadhyay and Jaspreet Kalra
MUMBAI, July 19 (Reuters) - Indian airlines and some brokerages faced technical and operational disruptions on Friday amid a global IT outage, multiple traders and airlines said.
Several major oil and gas trading desks in London and Singapore were struggling to execute trades due to a cyber outage, six industry sources told Reuters. LSEG Group's LSEG.L Workspace news and data platform also suffered an outage, affecting user access worldwide.
"We are currently experiencing technical challenges with our service provider, affecting online services including booking, check-in, and manage booking functionalities," SpiceJet SPJT.BO said on social media platform X.
Indigo, Akasa Air, Vistara, Air India and Air India Express also posted messages on X saying they were facing issues.
New Delhi airport said it too faced some IT issues and some services were temporarily affected.
Among the brokerages in India, Nuvama Wealth Management NUVA.NS, Edelweiss Mutual Fund, Motilal Oswal, IIFL Securities IIFS.NS, 5Paisa Capital PAIS.NS and Angel Broking are facing technical difficulties, traders at the brokerages told Reuters.
None of the brokerages responded to emails seeking confirmation and comment.
India's interbank trading platforms were functioning, however, and banks said they were able to execute bonds and foreign exchange transactions without any issues.
A source at the country's central bank said they were aware of the global outage but their systems were functional.
Widespread outages affecting banks, telecom networks and media were reported in Australia, possibly linked to an issue at global cybersecurity firm Crowdstrike CRWD.O. Major U.S. airlines also issued ground stops citing communications issues.
Crowdstrike ran a recorded phone message on Friday saying it was aware of reports of crashes on Microsoft's MSFT.O Windows operating system relating to its Falcon sensor.
(Reporting by Jayshree P Upadhyay and Jaspreet Kalra; Writing by Swati Bhat; Editing by Tom Hogue)
(([email protected]; twitter.com/swatibhat22; Reuters Messaging: [email protected]))
** Shares of IIFL Securities IIFS.NS rise as much 8.8% to 178.90 rupees, currently up 2.8%
** IIFS set to rise for the sixth consecutive session if trends hold
** Co's Q4 consol net profit more than doubles, revenue jumps 71%
** Trading vols 2.4x the 30-day avg in early trade
** Separately, co approves issue of secured or unsecured redeemable non-convertible debentures worth upto 10 bln rupees ($119.78 mln)
** Day's jump takes YTD gains to 15%
($1 = 83.4860 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of IIFL Securities IIFS.NS rise as much 8.8% to 178.90 rupees, currently up 2.8%
** IIFS set to rise for the sixth consecutive session if trends hold
** Co's Q4 consol net profit more than doubles, revenue jumps 71%
** Trading vols 2.4x the 30-day avg in early trade
** Separately, co approves issue of secured or unsecured redeemable non-convertible debentures worth upto 10 bln rupees ($119.78 mln)
** Day's jump takes YTD gains to 15%
($1 = 83.4860 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
May 16 (Reuters) - IIFL Securities Ltd IIFS.NS:
APPROVED ISSUANCE OF SECURED OR UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES WORTH UP TO 10 BILLION RUPEES
ISSUANCE OF SECURED OR UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES THROUGH PRIVATE PLACEMENT BASIS
MARCH-QUARTER CONSOL NET PROFIT 1.8 BILLION RUPEES VERSUS PROFIT 863.4 MILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 6.86 BILLION RUPEES VERSUS 4.02 BILLION RUPEES
Source text for Eikon: ID:nBSE1czmJm
Further company coverage: IIFS.NS
(([email protected];))
May 16 (Reuters) - IIFL Securities Ltd IIFS.NS:
APPROVED ISSUANCE OF SECURED OR UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES WORTH UP TO 10 BILLION RUPEES
ISSUANCE OF SECURED OR UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES THROUGH PRIVATE PLACEMENT BASIS
MARCH-QUARTER CONSOL NET PROFIT 1.8 BILLION RUPEES VERSUS PROFIT 863.4 MILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 6.86 BILLION RUPEES VERSUS 4.02 BILLION RUPEES
Source text for Eikon: ID:nBSE1czmJm
Further company coverage: IIFS.NS
(([email protected];))
May 10 (Reuters) - IIFL Securities Ltd IIFS.NS:
APPOINTED NEMKUMAR H AS MD
Source text for Eikon: ID:nBSE6XQQCx
Further company coverage: IIFS.NS
(([email protected];;))
May 10 (Reuters) - IIFL Securities Ltd IIFS.NS:
APPOINTED NEMKUMAR H AS MD
Source text for Eikon: ID:nBSE6XQQCx
Further company coverage: IIFS.NS
(([email protected];;))
** Telco Vodafone Idea VODA.NS jumps 4.5% and telecom infra developer Indus Towers INUS.NS gains 6.4%
** IIFL Securities upgrades VODA to 'add' from 'reduce' and INUS to 'buy' from 'sell'
** Says VODA's $5.39 bln fund infusion should help narrow 4G coverage, capacity gap with peers; expects 15%-20% tariff hikes twice in next three years
** Says tariff hikes, user upgrade to 4G from 2G should drive VODA's ARPU to 241 rupees in FY27 from 145 rupees in Q3
** Says Indus to benefit from VODA's improved financial position, potential reinstatement of dividend from FY25
** Avg analyst rating on VODA is 'sell' and on INUS is 'hold' - LSEG
** VODA down ~17% YTD, while INUS has climbed ~75%
(Reporting by Rama Venkat in Bengaluru)
** Telco Vodafone Idea VODA.NS jumps 4.5% and telecom infra developer Indus Towers INUS.NS gains 6.4%
** IIFL Securities upgrades VODA to 'add' from 'reduce' and INUS to 'buy' from 'sell'
** Says VODA's $5.39 bln fund infusion should help narrow 4G coverage, capacity gap with peers; expects 15%-20% tariff hikes twice in next three years
** Says tariff hikes, user upgrade to 4G from 2G should drive VODA's ARPU to 241 rupees in FY27 from 145 rupees in Q3
** Says Indus to benefit from VODA's improved financial position, potential reinstatement of dividend from FY25
** Avg analyst rating on VODA is 'sell' and on INUS is 'hold' - LSEG
** VODA down ~17% YTD, while INUS has climbed ~75%
(Reporting by Rama Venkat in Bengaluru)
** Shares of power generator NTPC NTPC.NS rise as much as 3.3% to a record 374.5 rupees
** Co's unit NTPC Green Energy shortlists IDBI Capital Markets and Securities, HDFC Bank HDBK.NS, IIFL Securities IIFS.NS and Nuvama Wealth Management NUVA.NS to manage its 100 bln rupees ($1.20 bln) IPO- report
** NTPC did not immediately respond to Reuters request for comment
** Stock among top gainers on Nifty 50 index .NSEI, which is down 0.3%; reverses course after falling for two straight sessions
** It is trading above its 200-day simple moving avg since July 6, volumes at 25.1 mln shares- 2.7x the 30-day avg
** Inlcuding session's gains, stock up ~18% YTD, peers Torrent Power TOPO.NS and Tata Power TTPW.NS up 71% and 33%, respectively
** Analysts avg rating on NTPC stock is "Buy", TOPO is rated "Sell", while TTPW is rated "Hold"- LSEG
($1 = 83.3660 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of power generator NTPC NTPC.NS rise as much as 3.3% to a record 374.5 rupees
** Co's unit NTPC Green Energy shortlists IDBI Capital Markets and Securities, HDFC Bank HDBK.NS, IIFL Securities IIFS.NS and Nuvama Wealth Management NUVA.NS to manage its 100 bln rupees ($1.20 bln) IPO- report
** NTPC did not immediately respond to Reuters request for comment
** Stock among top gainers on Nifty 50 index .NSEI, which is down 0.3%; reverses course after falling for two straight sessions
** It is trading above its 200-day simple moving avg since July 6, volumes at 25.1 mln shares- 2.7x the 30-day avg
** Inlcuding session's gains, stock up ~18% YTD, peers Torrent Power TOPO.NS and Tata Power TTPW.NS up 71% and 33%, respectively
** Analysts avg rating on NTPC stock is "Buy", TOPO is rated "Sell", while TTPW is rated "Hold"- LSEG
($1 = 83.3660 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
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Popular questions
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What does IIFL Capital Service do?
India Infoline Distribution Co, Ltd. is a Mumbai-based company that distributes various financial products including mutual funds, IPOs, fixed deposits, mortgages, and loan products.
Who are the competitors of IIFL Capital Service?
IIFL Capital Service major competitors are Share India Sec., Choice International, Monarch Networth Cap, Geojit Finl. Service, 5Paisa Capital, Master Trust, Prime Securities. Market Cap of IIFL Capital Service is ₹10,587 Crs. While the median market cap of its peers are ₹2,249 Crs.
Is IIFL Capital Service financially stable compared to its competitors?
IIFL Capital Service seems to be less financially stable compared to its competitors. Altman Z score of IIFL Capital Service is 1.93 and is ranked 6 out of its 8 competitors.
Does IIFL Capital Service pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. IIFL Capital Service latest dividend payout ratio is 13.05% and 3yr average dividend payout ratio is 22.57%
How has IIFL Capital Service allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is IIFL Capital Service balance sheet?
Balance sheet of IIFL Capital Service is moderately strong.
Is the profitablity of IIFL Capital Service improving?
The profit is oscillating. The profit of IIFL Capital Service is ₹564 Crs for TTM, ₹712 Crs for Mar 2025 and ₹512 Crs for Mar 2024.
Is the debt of IIFL Capital Service increasing or decreasing?
Yes, The net debt of IIFL Capital Service is increasing. Latest net debt of IIFL Capital Service is -₹5,065.39 Crs as of Mar-26. This is greater than Mar-25 when it was -₹7,076.55 Crs.
Is IIFL Capital Service stock expensive?
Yes, IIFL Capital Service is expensive. Latest PE of IIFL Capital Service is 18.86, while 3 year average PE is 11.46. Also latest EV/EBITDA of IIFL Capital Service is 6.51 while 3yr average is 2.62.
Has the share price of IIFL Capital Service grown faster than its competition?
IIFL Capital Service has given better returns compared to its competitors. IIFL Capital Service has grown at ~39.38% over the last 6yrs while peers have grown at a median rate of 38.25%
Is the promoter bullish about IIFL Capital Service?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in IIFL Capital Service is 30.87% and last quarter promoter holding is 30.93%
Are mutual funds buying/selling IIFL Capital Service?
The mutual fund holding of IIFL Capital Service is increasing. The current mutual fund holding in IIFL Capital Service is 1.22% while previous quarter holding is 1.0%.