Following the reduction in E2W subsidies in May, there was a huge drop in June at 46,057 units.
The bank operates across 744 banking touchpoints, serving 20.2 lakh customers in 15 states and 2 union territories as of 31 March 2021
They aim to expand their markets to countries like the USA, Brazil, MENASA, SriLanka, Australia, and India, targeting 1-12 GW annual markets
The company priced the IPO in the range of Rs 280-300 per share. Ahead of the issue launch, it has raised about Rs 288 crore from anchor investors.
Q2 update indicates no throughput recovery yet; revenue affected by inferior product mix
Petrol and Diesel prices in cities across India on 04-10-2023
News reports said that the bank informed staff of the changes in a memo late on Sunday.
As analysts of IIFL Capital Services have highlighted previously, PV wholesales have been much higher than retails in the past 6-8 months, leading to significant inventory build-up.
Spot gold was unchanged at $1,823.59 per ounce, while U.S. gold futures were down 0.1% to $1,839.20.
On September 29, the company announced the demerger of its businesses.

IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
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