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IIFL Finance drops 5.5% and JM Financial trades down 4% as the RBI starts a special audit

RatnavaliMarch 26, 2024April 25, 202403 mins

IIFL Finance: The stock prices of JM Financial experienced a notable decline of approximately 4 percent, while IIFL Finance saw a more significant plunge of 5.5 percent following the Reserve Bank of India’s announcement of a special audit for these two firms. By 12:40 pm, JM Financial was trading at Rs 72 on the BSE,…

IIFL Finance witnesses a 7% dip as shares worth ₹1,358 crore undergo a significant transaction.

9planetswebsDecember 22, 2023December 22, 202303 mins

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…