IIFL Finance Limited — QIP/Rights/Pref., 07-07-2025: Allotment of Securities
07-07-2025 | 11:39 am
07-07-2025 | 11:39 am
IIFL Finance Limited has announced a board meeting on July 15, 2025, to consider the financial results for the quarter and half-year. The company allotted 5,000 secured redeemable non-convertible debentures (NCDs) under Series D32 through private placement at a face value of ₹1 lakh each, totaling ₹50 Cr. These NCDs carry an 8.8% annual coupon, mature in 457 days, and are secured by a first-ranking charge on receivables and current assets. This raises ₹50 Cr in funds without impacting promoter holding.
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