IIFL Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/02/2026 ,inter alia, to consider and approve the terms and conditions of the ....
IIFL · price
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IIFL Finance has informed the stock exchanges that a meeting of the Finance Committee of the Board is scheduled on February 24, 2026. The agenda includes considering and approving the terms and conditions for issuing Non-Convertible Debentures (NCDs) on a private placement basis. This issuance is part of an earlier plan (intimated on May 8, 2025) to raise up to Rs. 10,000 crores through privately placed NCDs. The exact coupon rate, tenure, and tranche size will be decided at the upcoming meeting.
Since this is a debt instrument and not equity, there is no dilution for existing shareholders. The stock's reaction will depend on the coupon rate and structure announced after the meeting — higher yields could signal stronger fundraising appetite but may also indicate rising borrowing costs.