The Finance Committee of Board of Directors of the Company, at their meeting held today i.e., June 10, 2025 approved the terms and conditions of the issuance of the debt instruments in the form of unsecured, subordinated, listed, rated, redeemable, non-convertible debentures on private placement basis.
IIFL · price
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IIFL Finance's Finance Committee, at its meeting on June 10, 2025, approved the terms and conditions for issuing unsecured, subordinated, listed, rated, redeemable non-convertible debentures (Series D33) on a private placement basis. The issue size is up to ₹600 crore, comprising up to 600 NCDs, with the instruments proposed to be listed on NSE. This follows an earlier intimation dated June 5, 2025. Specific details on coupon rate, tenure, and repayment schedule are deferred to the Key Information Document and were not disclosed in this filing. In case of default, an additional 2% per annum interest over the coupon rate will apply.
This is a routine debt-raising move by IIFL Finance, likely to bolster its capital base (subordinated debt qualifies as Tier-II capital for NBFCs). No equity dilution for shareholders, though it adds to the company's leverage and interest obligations.