ALFA Filings
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IIFL Finance completed the ₹37.11 Crore acquisition of Xtracap Fintech India through its subsidiary. The transaction formalizes the company's strategic expansion into the fintech sector.
IIFL Fintech completed acquisition of 89.69% in Xtracap Fintech, making it a step-down subsidiary. This expands IIFL Finance's fintech footprint.
IIFL Finance subsidiary IIFL Fintech is acquiring a stake in Xtracap Fintech India Private Limited for ₹37.7 Crore. The acquisition enables IIFL to expand into the underserved supply chain financing market. The transaction, expected to close within 45 days, will strengthen IIFL's MSME lending capabilities and portfolio diversification.
IIFL Finance's subsidiary, IIFL Fintech, is acquiring an 87.8% stake in Xtracap Fintech India Private Limited for ₹37.7 Crore. This acquisition strengthens IIFL's presence in the supply chain financing and MSME lending segments. The transaction is expected to complete within 45 days.