Loan & Debt9 Sept 2026, 01:11 pm
IIFL Finance Allots ₹25 Cr in Secured Debentures
AI Summary
IIFL Finance Limited announced the allotment of 2,500 Secured Listed Rated Redeemable Non-Convertible Debentures (Series D39) worth ₹25 Crores. The allotment was approved by the Finance Committee on September 09, 2026. These debentures have a face value of ₹1,00,000 each, a tenure of 2 years, and carry an interest rate of 9.10% per annum. The principal is redeemable on September 08, 2028. The issuance is on a private placement basis and the debentures are proposed to be listed on the National Stock Exchange of India Limited. The debentures are secured by a first ranking pari passu charge over specified book debts, loans, advances, and current assets of the company.
Key Highlights
- IIFL Finance allots ₹25 Cr via Secured Non-Convertible Debentures.
- Debentures are Series D39, with a 2-year tenure.
- Interest rate stands at 9.10% per annum.
- Private placement issuance, to be listed on NSE.
- Secured by a charge on company's book debts and receivables.
Price Impact
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