Shares of IIFL Finance Limited rose 2.11% to Rs 499 on Wednesday after the company announced a key leadership change in its housing finance subsidiary. IIFL Home Finance has appointed Girish Kousgi as its new Managing Director and Chief Executive Officer.
The appointment marks a major leadership transition for the company, signaling a renewed strategic direction in India’s growing housing finance sector. Kousgi will oversee operations, product strategy, and growth initiatives aimed at strengthening IIFL Home Finance’s position in the affordable housing market.
IIFL Home Finance, a subsidiary of IIFL Finance, has been a key player in providing housing loans across India, focusing on making home ownership more accessible. The new leadership is expected to drive fresh perspectives and operational efficiency in an increasingly competitive lending environment.
Stakeholders, including investors and customers, are expected to closely track the company’s next moves under Kousgi’s leadership, as he brings extensive experience from India’s financial services and mortgage industry.
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