IIFL Finance Limited — QIP/Rights/Pref., 30-12-2024: Issue of Securities

IIFL Finance Limited has announced a board meeting to approve the issuance of secured, listed, rated redeemable non-convertible debentures (NCDs) through private placement. The base issue size is ₹250 crore, with a green shoe option allowing for oversubscription up to ₹150 crore, totaling ₹400 crore. These NCDs are proposed to be listed on the National Stock Exchange of India and will carry specific terms as detailed in the Key Information Document. The company has outlined provisions for additional interest in case of any default in payment.