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An announcement from IIFL Finance Limited ( (IN:IIFL) ) is now available.
IIFL Finance Limited’s Finance Committee has approved the issuance of two tranches of listed, rated non-convertible debentures (NCDs) on a private placement basis, comprising unsecured subordinated redeemable NCDs of up to Rs 700 crore and perpetual unsecured NCDs of up to Rs 100 crore, both to be listed on the National Stock Exchange of India. The structure, including base issue sizes with green-shoe options and defined penalties for payment delays, indicates the company’s continued reliance on debt capital markets to diversify its funding profile and potentially strengthen its regulatory capital and long-term funding mix, which is significant for investors tracking its leverage, liquidity, and growth capacity.
More about IIFL Finance Limited
IIFL Finance Limited is an Indian non-banking financial company (NBFC) focused on providing a range of lending and financing solutions. Listed on major Indian stock exchanges, it raises capital through market instruments such as non-convertible debentures to support its financing operations and balance sheet needs.
Average Trading Volume: 74,597
Technical Sentiment Signal: Buy
Current Market Cap: 240.1B INR
For detailed information about IIFL stock, go to TipRanks’ Stock Analysis page.