IIFL Finance Limited has informed the Exchange regarding allotment of 5000 securities pursuant to Non Convertible Debentures at its meeting held on July 07, 2025 through private placement
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Awaiting price reaction for this filing.
IIFL Finance has allotted 5,000 secured redeemable non-convertible debentures (Series D32) on a private placement basis, raising ₹50 crore in total (₹1 lakh face value per debenture). The NCDs carry a coupon of 8.80% per annum and have a tenure of 457 days, maturing on October 7, 2026. The instruments are secured by a first-ranking pari passu charge on the company's receivables, book debts, loans, advances and current assets, with a 100% security cover maintained throughout. Interest is payable on July 7, 2026 and October 7, 2026, with principal repayment at maturity. The debentures will be listed on the NSE.
This is a routine debt-raising exercise of modest size (₹50 crore) at a market-rate coupon of 8.80%, likely to support the company's lending operations. It is unlikely to have any meaningful impact on the stock price, though it adds to the company's overall debt servicing obligations.