IBL Finance Limited — QIP/Rights/Pref., 07-08-2025: Allotment of Securities
07-08-2025 | 04:47 pm
07-08-2025 | 04:47 pm
IBL Finance has allotted 40 Unlisted, Secured Non-Convertible Debentures (NCDs) through a private placement to an identified investor. Each NCD has an issue price of ₹1,00,000, aggregating to a fund infusion of ₹0.40 Cr. These NCDs carry a fixed annual interest rate of 13.00%, paid monthly, and are set to mature in 460 days. The capital raised will strengthen the company's financial position, secured by its receivables/loan assets.
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