IIFL Finance Allots ₹95 Cr Perpetual NCDs on Private Placement

IIFL Finance Limited has announced the allotment of 95 Perpetual, Unsecured, Listed, Rated, Non-Convertible Debentures (NCDs) worth ₹95 Crores (₹1 Crore each) under Series PDI-2. The allotment was approved by the Finance Committee of the Board of Directors on September 30, 2026, on a private placement basis. These NCDs are perpetual in nature, with a coupon rate of 9.90% per annum. The company has the option to exercise a call option after at least 10 years, subject to RBI approval. The NCDs are proposed to be listed on the National Stock Exchange of India Limited. In case of default in interest payment, an additional interest of 2% per annum will be charged.