To consider Fund Raising through issuance of Non-convertible Debentures on private placement basis
IIFL · price
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IIFL Finance has informed stock exchanges that its Finance Committee will meet on December 11, 2025, to consider and approve the terms and conditions for issuing Non-Convertible Debentures (NCDs) on a private placement basis. This follows an earlier intimation from May 8, 2025, regarding raising funds up to Rs. 10,000 crores through NCDs. The company has not disclosed specific details such as the tranche size, coupon rate, or timing of the issue at this stage. The actual terms will be finalized in the upcoming committee meeting.
Shareholders should note that this is only a preliminary intimation of a board committee meeting; no concrete NCD issue has been announced yet. Once terms are finalized, the NCD issuance will expand the company's debt obligations, which may affect leverage and interest costs, but it also signals continued fundraising activity under the previously approved Rs. 10,000 crore limit.