IIFL Finance's wholly-owned subsidiary IIFL Fintech Private Limited has received board approval for acquiring 87.8% stake in Xtracap Fintech India Private Limited for ₹37.7 crore. The transaction involves two stages - secondary acquisition for ₹25.7 crore and primary capital infusion of ₹12 crore, enabling entry into the underserved supply chain financing market.
IIFL Finance Subsidiary Acquires 87.8% Stake in Xtracap Fintech for ₹37.7 Crore
