The Finance Committee of Board of Directors of the Company, at their meeting held today i.e., September 03, 2025 approved the terms and conditions of the issuance of the debt instruments in the form of Listed, Unsecured, Non-Convertible Perpetual Debentures, in one or multiple tranches, on a private placement basis.
IIFL · price
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The Finance Committee of IIFL Finance's Board of Directors, at its meeting on September 3, 2025, approved the terms and conditions for issuing debt instruments in the form of Listed, Unsecured, Non-Convertible Perpetual Debentures. The issuance will be done in one or multiple tranches on a private placement basis. Perpetual debentures are long-term instruments with no fixed maturity date, commonly used by NBFCs to strengthen their capital base.
This move is likely aimed at raising long-term capital to bolster the company's Tier-1 capital adequacy. Perpetual debentures can be attractive to yield-seeking investors but carry risk of coupon skipping. Watch for the coupon rate and quantum of issuance, as these will determine dilution risk and cost of capital.