Fairfax-backed IIFL Finance raises funding from another Canadian firm
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Fairfax-backed IIFL Finance raises funding from another Canadian firm

By Beena Parmar

  • 03 Sep 2019
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Fairfax-backed IIFL Finance raises funding from another Canadian firm
Credit: 123RF.com

Non-banking financial company IIFL Finance Ltd, which counts billionaire Prem Watsa's Fairfax Financial as an investor, has mobilised debt capital from another Canadian firm. Mumbai-listed IIFL Finance raised $100 million (Rs 724 crore at current exchange rates) in external commercial borrowings from Canada's export credit agency.  The company raised the five-year debt ......

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