IIFL Finance Limited
American Funds (Capital Group) sold 1,43,64,701 shares of IIFL Finance for ₹665.95 Cr at ₹463.60 apiece, decreasing its stake from 5.20% to 1.81% in an open market transaction. This transaction caused their shareholding to fall below the 5% disclosure threshold.
A diversified non-banking financial company providing loans and mortgages across multiple segments including home, gold, MSME, microfinance, and capital market finance. Through its subsidiaries, the company delivers customized lending solutions to retail and business customers throughout India. Its distinctive strength lies in offering a broad range of loan products tailored to meet the diverse credit needs of different customer categories and business segments.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.