IIFL Finance Limited — QIP/Rights/Pref., 20-12-2024: Allotment of Securities

IIFL Finance Limited has completed the allotment of 25,000 Secured Redeemable Non-Convertible Debentures (NCDs) at a face value of INR 1,00,000 each, raising a total of INR 250 Cr through private placement. The NCDs, with a tenure of three years, will yield an interest rate of 9.90% per annum, payable in annual installments. The maturity date for these debentures is December 20, 2027. The instruments are secured by a first ranking hypothecation charge over the company's receivables and assets, ensuring a security cover of at least 100% during the tenor of the NCDs.