IIFL Finance Ltd.'s board of directors has approved allotting non-convertible debentures of up to ₹350 crore, according to an exchange filing on Wednesday. The company will be allotting 35,000 secured, listed, rated, redeemable non-convertible debentures of the face value of ₹1 lakh each. As reported by the exchange filing, this represents a significant capital raising initiative by the financial services company.
The NCDs will be allotted today, that is, September 2, 2026 and will mature by September 1, 2028. According to the exchange filing, the principal interest will be paid on September 2, 2027 and on the date of maturity as well. The debentures carry the face value of ₹1 lakh each, making the total issue size ₹350 crore.
The approved NCDs are characterized as secured, listed, rated, and redeemable non-convertible debentures. As reported in the exchange filing, these securities are secured instruments with listed status, rating from recognized agencies, and redeemable features. The structured nature of the debentures provides investors with clear maturity timelines and interest payment schedules.
