MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

IIFL Acquires Major Stakes in KE Housing Finance

IIFL Acquires Major Stakes in KE Housing Finance

India Infoline (IIFL), a financial services company has purchased about three fourth of the shareholdings in KadaiEshwar Housing Finance, a non-banking finance company. The total cost involved in the acquisition is about Rs. 100 crore.

IIFL has submitted an application in the central bank to get a certificate of registration. By next year January, the new venture of IIFL PE will hit the market. The non-banking financial institution was introduced by C. llango, former MD of Can Fin Homes (a finance company).

IIFL’s asset management rolled out its new fund IIFL India Private Equity Fund in May to help professional entrepreneurs. The company targets Rs. 2000 crore in its new fund.  Currently, IIFL AMC handles capital worth of Rs. 20,000 crore under the AIF business. As of March 31, IIFL asset management has an AUM of around $5B.

According to IIFL, the company has completed the due formalities with a few professional entrepreneurs and is waiting to get a green signal from the regulatory authorities. The company is not in a position to disclose anything about investments until they are consummated.

IIFL AMC was established in 2008. The company operates the areas of mutual funds, alternative investment funds, venture capital funds, real estate, and fixed income securities.

In recent years, PE investors are tying up with industry veterans in India for establishing growth platforms.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED