Shares of IIFL Finance rebounded sharply on Tuesday, gaining 2.5% from the day’s low of ₹415 following reports of possible relaxation in Alternative Investment Fund (AIF) regulations by SEBI.
The stock, which had dipped to a low of ₹415, climbed to an intraday high of ₹426, driven by positive investor sentiment after a SEBI member indicated potential adjustments to the earlier announced AIF rules, according to Redbox reports.
BIG NEWS FOR IIFL FINANCE
SEBI MEMBER: SAYS THEY MAY RELAX SOME AIF REGULATIONS ANNOUNCED EARLIER
— RedboxGlobal India (@REDBOXINDIA) December 17, 2024
Key highlights:
- Day’s low: ₹415
- Current price: ₹425.80 (as of 11:26 AM)
- Gain from day’s low: ₹10.80 (+2.5%)
The development has brought renewed optimism for NBFCs like IIFL Finance, which have significant exposure to AIF-linked financial products. Market experts suggest that a relaxation in regulations could reduce compliance pressure and operational costs for NBFCs.
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