IIFL Finance Limited has informed the Exchange regarding a press release dated April 04, 2025, titled "IIFL Finance to Raise up to Rs. 500 Crores through Public Issue of secured, rated, listed, non-convertible debentures, Coupon up to 10.25% per annum".
IIFL · price
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Awaiting price reaction for this filing.
IIFL Finance has announced plans to raise up to Rs. 500 Crores through a public issue of secured, rated, listed non-convertible debentures (NCDs). The NCDs will carry a coupon rate of up to 10.25% per annum. This is a debt instrument and not an equity dilution. The company is required to inform the exchange about the press release issued on April 04, 2025 detailing the fundraising plan. Retail investors can subscribe to these NCDs once the issue opens, subject to availability.
No dilution for existing shareholders as this is a debt raise. Existing investors are unaffected on the equity front, but the higher coupon (up to 10.25%) may signal aggressive borrowing cost. For retail investors, this is a potential fixed-income investment opportunity with relatively attractive yield.