The Finance Committee of the Company, at their meeting held today i.e., May 21, 2025 approved the terms and conditions of the issuance of the following debt instruments in the form of secured, listed, rated, redeemable, non-convertible debentures ( NCDs ) on private placement basis.
IIFL · price
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IIFL Finance's Finance Committee approved the issuance of Series D32 NCDs on a private placement basis. The base issue size is ₹50 crore, with a green shoe option to retain oversubscription of an additional ₹150 crore, taking the total potential size to ₹200 crore. The NCDs will be secured, listed on NSE, and consist of up to 20,000 debentures (including the green shoe portion of up to 15,000). Specific details on coupon rate, tenure, and redemption schedule are not disclosed in this filing and are stated to be in the separate Key Information Document. In case of default, the company will pay an additional 2% p.a. interest over the applicable coupon rate.
This is a relatively modest debt raise (up to ₹200 crore) for an NBFC of IIFL Finance's size, likely aimed at normal business funding rather than any major corporate action. Existing shareholders are not directly affected as these are non-convertible debt instruments, not equity, and are placed privately with institutional investors rather than retail shareholders.