Loan & Debt15 May 2026, 04:25 pm
IIFL Finance to Issue ₹200 Cr Perpetual Debt Instruments
AI Summary
IIFL Finance Limited announced the issuance of Listed, Unsecured, Non-Convertible Perpetual Debentures (NCDs) on a private placement basis. The Finance Committee approved the terms and conditions for issuing up to 200 NCDs, totaling up to ₹200 crore. These debentures will be listed on the National Stock Exchange of India Limited. The tenure is perpetual, with coupon/interest and principal payment schedules as per the Key Information Document. In case of delay in payment of interest/ coupon and/ or redemption of principal on the due dates, the Company shall pay additional interest @ 2% p.a.
Key Highlights
- IIFL Finance will issue up to ₹200 crore in perpetual NCDs via private placement.
- The NCDs are listed, unsecured, and non-convertible.
- The issuance was approved by the Finance Committee on May 15, 2026.
- NCDs will be listed on the National Stock Exchange of India Limited.
- Additional interest of 2% p.a. will be charged for delayed payments.
Price Impact
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