IIFL Finance Limited — QIP/Rights/Pref., 17-12-2024: Issue of Securities

IIFL Finance Limited has approved the issuance of secured redeemable non-convertible debentures (NCDs) through private placement, targeting a total of INR 350 Crore. The offering consists of up to 35,000 NCDs, with a base issue of INR 250 Crore and a green-shoe option of INR 100 Crore. Each debenture has a face value of INR 1,00,000. The subscription will mature in three years, specifically on December 20, 2027, and carries an interest rate of 9.90% per annum. These NCDs will be listed on the National Stock Exchange of India.