Archive · 11 Jun 2025
IIFL Finance to Raise ₹600 Crore via NCDs for Lending
IIFL Finance, a company that lends money, plans to borrow up to 600 crore rupees by selling bonds, similar to IOUs, to certain investors.
This money will be used to give out more loans, especially for things like gold loans and home loans.
The company hopes this will make its finances stronger, and help it grow by giving more loans to customers.
They are issuing NCDs, which offers a way to get capital without giving away any ownership.
IIFL Finance plans to raise up to ₹600 crore.
Funds will be secured through non-convertible debentures (NCDs).
The issuance is for retail lending, including gold and home loans.
The company aims to strengthen its financial base and market position.
Shares of IIFL Finance closed at ₹481.20 on Tuesday.
- Who
- IIFL Finance Ltd, an NBFC.
- What
- IIFL Finance will raise ₹600 crore through NCD issuance.
- When
- Announcement made recently.
- Where
- Mumbai, India
- Why
- To bolster resources and support growing lending operations.
- Company
- IIFL Finance Ltd
- Amount to be Raised
- ₹600 crore
- Type of Issuance
- Secured Redeemable NCDs
- Issuance Method
- Private Placement
- Use of Proceeds
- Bolstering resources, retail lending
- Location
- Mumbai, India
- Share Price at Close
- ₹481.20
