IIFL Finance Limited — Board Meeting, 13-03-2025: Outcome of Board Meeting

IIFL Finance Limited has announced a board meeting to discuss the enhancement of the size of the issue for the re-issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The board approved an increase of up to 70,000 NCDs, aggregating to a total of ₹700 Crore, which includes a base issue size of ₹425 Crore and a green-shoe option of ₹275 Crore. The NCDs will be secured, listed, and redeemable, with listing proposed on the National Stock Exchange of India. Further details will be outlined in the relevant Key Information Document.