IIFL Finance Limited — QIP/Rights/Pref., 19-06-2025: Issue of Securities
19-06-2025 | 07:31 pm
19-06-2025 | 07:31 pm
IIFL Finance has announced a private placement of unsecured subordinated, listed, rated non-convertible debentures (NCDs) under two options. Option A offers up to 30,000 NCDs worth INR 300 Cr (face value INR 1 lakh each) with a 10-year tenure, paying annual interest starting June 2026. Option B offers up to 30,000 NCDs worth INR 300 Cr with a 7-year tenure, paying monthly interest from August 2025. Both have a base issue size with green-shoe options for oversubscription and will be listed on NSE. Proceeds are generally aimed at funding business needs like growth and refinancing.
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