IndiaInfoline to file DRHP for Rs 750cr NCD issue today
Brokerage house IndiaInfoline will file an offer letter and a draft prospectus for non-convertible debentures (NCDs) issue of around Rs 250-300 crore to open in early August.
July 20, 2011 / 15:06 IST
Chikita Kukreja
Moneycontrol.comBrokerage house IndiaInfoline will file an offer letter and a draft prospectus with the Securities and Exchange Board of India for a non-convertible debentures (NCDs) issue.The issue of secured redeemable non-convertible debentures of upto Rs 375 crore with an option to retain over-subscription upto Rs 375 crore for issuance of additional NCDs aggregating to a total of upto Rs 750 crore, will open in early August.The lead managers to the issue include JM Financial Consultants, Axis Bank and AK Capital.Recently, IIFL received an in-principle approval for securities trading and clearing memberships from Singapore Exchange (SGX) paving the way for IIFL to become the first Indian brokerage to get a membership of the SGX. IIFL also received membership of the Colombo Stock Exchange becoming the first foreign broker to enter Sri Lanka. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
