fintech / news / / scanx.trade
IIFL Finance has officially announced a strategic acquisition through its wholly-owned subsidiary IIFL Fintech Private Limited.
IIFL Fintech Private Limited will acquire up to 87.8% of Xtracap Fintech for ₹37.7 crore.
KEY POINTS
- The acquisition is split into a ₹25.7 crore secondary purchase and ₹12 crore primary capital infusion.
- No government or regulatory approvals are required; completion is expected within 45 days.
- Board approved raising up to ₹10,000 crore via private placement of non-convertible securities in FY27.
- Vinay Agrawal was appointed as Business Head - Loan Against Property, effective April 29, 2026.
COMPANIES
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