IIFL Finance Limited has informed the Exchange regarding allotment of 50,00,000 securities pursuant to Non Convertible Debentures at its finance committee meeting held on April 21, 2025
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IIFL Finance Limited has allotted 50 lakh (5 million) Non-Convertible Debentures (NCDs) following approval at its finance committee meeting held on April 21, 2025. The company has informed the stock exchange about this allotment. The debentures were issued pursuant to the company's borrowing programme, though the coupon rate and tenure are not mentioned in this filing. This represents a fresh debt raise by the company through the NCD route.
This allotment increases the company's outstanding debt, expanding its borrowing portfolio. For shareholders, it signals continued fundraising activity by the company, which could support business growth but also adds to interest obligations.