IIFL Finance Limited — QIP/Rights/Pref., 16-01-2025: Allotment of Securities

IIFL Finance Limited has completed the allotment of three series of secured, rated, listed non-convertible debentures (NCDs) through private placement. The issuance includes 40,000 NCDs of Series D29 Option A and B, each valued at INR 1,00,000, aggregating to INR 400 crore, and 4,000 NCDs of Series D29 Option C, totaling INR 40 crore. The tenor for the debentures ranges from 418 to 459 days, with a coupon rate of 9.90% per annum. The proceeds will support ongoing financial activities, enhancing the company's stability and growth potential.