IIFL Finance witnesses a 7% dip as shares worth ₹1,358 crore undergo a significant transaction.
IIFL Finance: Following a large block deal worth Rs. 1,358 crore, IIFL Finance shares fell more than 7% in early trading on December 22. Approximately 2.4 crore shares, representing a 6.5 percent stake in the company, were traded on the exchanges at an average price of ₹555 each. Notably, the block deal’s floor price was…