We hereby inform the exchange regarding the Finance Committee Meeting held on February 12, 2026 whereby the Committee approved the Issue Size, Shelf Prospectus and Tranche I Prospectus.
IIFL · price
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IIFL Finance Limited's Finance Committee approved a public issue of secured, rated, listed, redeemable NCDs with a face value of ₹1,000 each. The base issue size is ₹500 crores, with a greenshoe option of up to ₹1,500 crores, aggregating to ₹2,000 crores under Tranche I within a ₹2,000 crore shelf limit. The issue opens on February 17, 2026 and closes on March 4, 2026, with proposed listing on BSE and NSE. NCDs are offered in 9 series with tenors of 24, 36, and 60 months, and coupon rates ranging from 8.37% to 9.00% per annum (effective yields of 8.69% to 9.00%). The NCDs are secured by a first-ranking pari passu charge over the company's receivables, book debts, loans, and current assets, with a minimum 100% security cover.
This NCD issuance allows IIFL Finance to raise up to ₹2,000 crores to support its lending business. For existing shareholders, this is a debt raise (not equity dilution), but it adds to the company's leverage. NCD subscribers can earn 8.37–9.00% returns with secured backing, though these yields are moderate and not in the high-yield category.