IIFL Finance Limited — Board Meeting, 28-02-2025: Outcome of Board Meeting

IIFL Finance Limited has announced a board meeting to discuss the issuance of secured, listed, rated, and redeemable non-convertible debentures through a private placement. The total size of the issue is ₹1,500 crore (15,000 NCDs of face value ₹1,00,000 each), with a base issue size of ₹750 crore and a greenshoe option to retain oversubscription of up to ₹750 crore. Proposed debentures will be listed on the National Stock Exchange of India. Further details regarding the coupon rate, payment schedule, and tenure will be outlined in the Key Information Document.