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IIFL Finance raises Rs 100 crore via NCDs

The NCDs will carry interest rate of 7.7 percent per annum.

February 24, 2021 / 02:08 PM IST
 
 
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IIFL Finance on Wednesday said it has raised Rs 100 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

It said NCDs will be listed on the National Stock Exchange (NSE).

"Finance committee of the board of directors of the company… approved allotment of 1,000 NCDs…of face value of Rs 10 lakh each, for cash at par, aggregating to Rs 100 crore, on private placement basis,” IIFL Finance said in a regulatory filing.

The NCDs will carry interest rate of 7.7 percent per annum.

Shares of IIFL Finance were trading 7.08 percent higher at Rs 268.45 apiece on BSE.



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PTI
first published: Feb 24, 2021 02:08 pm
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