I have one question…for the 40-45 cr capex they are doing, from where did they get the funds?
Posts in category Value Pickr
IIFL Finance (erstwhile IIFL Holdings) ~ Retail focused diversified NBFC (27-12-2023)
IIFL has notified the exchanges on AIF’s rule’s impact on IIFL.
@Sambhav_Modi has already shared this document above.
Quoting the same here,
“Further all other AIF Investments of the Company aggregating to Rs. 909.81 crs as on current date does not include any downstream investments to which it has a loan or investments exposure currently or in the preceding twelve months. Thus, such Investments in the fund shall have no impact with regard to requirement of additional provisioning or capital adequacy of the Company. These Investments are carried at fair value basis the NAV published periodically by the AIF”
Quoted only the 2nd point from “materiality” perspective.
Kindly go through the document and assess yourself.
Disclosures: Invested & Biased
IIFL Finance (erstwhile IIFL Holdings) ~ Retail focused diversified NBFC (27-12-2023)
Did you read this exchange filing by IIFL regarding the same? It has been clearly stated by IIFL that the impact due to this is minimal.
In fact the filing has been shared on this thread recently. Read that and if you still feel there is a considerable impact on IIFL, please elaborate, otherwise please deleted that post. It does not add any value and it is misleading.
IIFL Finance (erstwhile IIFL Holdings) ~ Retail focused diversified NBFC (27-12-2023)
Thank you for the quick reply!
Priyank’s Portfolio (27-12-2023)
Hi Sir, Any specific reasons sell off Max India (other than you have bought at lower price)? I’m keeping a tab on Max Ind for last few months, but waiting for some corrections to have in long term basket.
IIFL Finance (erstwhile IIFL Holdings) ~ Retail focused diversified NBFC (27-12-2023)
Due to this rule, IIFL will have to create provisions for its 1100 crore AIF investments, which will impact their equity
KPIT – CASE (connected, autonomous, shared, electric) – Focused Automotive Play (27-12-2023)
Seems like it is overvalued… very expensive at the moment. The Reverse DCF indicates the market expectations and whether it is realistic.
L&T – Bluechip, Value play, Digital giant in making (27-12-2023)
L&T seems to be in sweet-spot in Middle-east.
Middle-east led by Saudi is in hurry to transition their economies away from fossil-fuel export before world completes energy-transition. Earlier project wins in middle-east were mostly in traditional oil and gas sector but new ones are from diverse sectors which are part of this transition.
Smallcap momentum portfolio (27-12-2023)
I have been adding money at regular intervals and hence I quoted XIRR.
Smallcap momentum portfolio (27-12-2023)
Awesome! You’ve nailed this strategy!!
XIRR – you mean are you doing an SIP?