IIFL Finance's board has approved a resolution to raise up to ₹10,000 crore through equity shares or other eligible securities in one or more tranches. The fundraising may be carried out via QIPs, rights issues, preferential allotments, public issues or private placements. The board also proposed increasing its borrowing and asset security limits to ₹75,000 crore from ₹60,000 crore.