Investment24 Feb 2026, 02:08 pm
IIFL Finance Ltd Approves Terms of Senior, Secured NCDs Worth INR 1,000 Crore
AI Summary
IIFL Finance Limited has approved the terms and conditions of issuance of debt instruments in the form of senior, secured, listed, rated, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total number of NCDs is up to 1,00,000 with a face value of INR 1,00,000 each, amounting to INR 1,000 Crore. The base issue size is up to INR 500 Crore with a green shoe option to retain oversubscription up to INR 500 Crore.
Key Highlights
- IIFL Finance Ltd approves terms of senior, secured NCDs worth INR 1,000 Crore
- The NCDs are listed, rated, and redeemable
- The total number of NCDs is up to 1,00,000 with a face value of INR 1,00,000 each
- The base issue size is up to INR 500 Crore with a green shoe option to retain oversubscription up to INR 500 Crore
- The NCDs will be listed on the National Stock Exchange of India Limited