IIFL Finance Limited — QIP/Rights/Pref., 03-12-2024: Issue of Securities

IIFL Finance Limited has announced a board meeting to approve the re-issuance of up to 75 unsecured, rated, listed, redeemable Non-Convertible Debentures (NCDs) through private placement, targeting an aggregated amount of ₹75 crores. The issue includes a base size of ₹50 crores, with a green-shoe option to retain oversubscription up to ₹25 crores. The NCDs, with a maturity date of October 16, 2034 and a coupon rate of 9.50% per annum, are proposed to be listed on the National Stock Exchange of India. Allotment is scheduled for December 6, 2024.