IIFL Finance Limited — Board Meeting, 21-05-2025: Outcome of Board Meeting

IIFL Finance has announced a board meeting to approve the financial results for the quarter and half-year. The Finance Committee has approved a private placement of secured, rated, redeemable non-convertible debentures (NCDs) with a base size of ₹50 Cr, extendable up to ₹200 Cr including oversubscription. These NCDs will be listed on NSE, with terms outlined in the Key Information Document. The fundraise is aimed at boosting capital to support IIFL’s growth strategy.