IIFL Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026 approving issuance of Perpetual Debt Instruments on Private Placement basis
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IIFL Finance Limited's Finance Committee has approved the issuance of Listed, Unsecured, Non-Convertible Perpetual Debentures (NCDs) through private placement. The company plans to issue up to 200 NCDs with a total size of up to INR 200 crore, each with a face value of INR 1 crore. The debentures will be perpetual in nature, with the company having a call option to redeem after at least 10 years from the date of allotment, subject to prior RBI approval. In case of any delay in payment of interest or principal, an additional 2% p.a. penalty interest will apply over the coupon rate.
This issuance will help IIFL Finance raise Tier-1/Tier-2 capital to support its lending operations and meet regulatory capital requirements. For existing shareholders, this is neutral as perpetual debentures are debt instruments and do not dilute equity. The company will incur fixed interest costs, which could impact profitability if not deployed profitably.