The company will issue 70,000 secured, listed, rated, redeemable NCDs - Series D29 Option C, which includes green shoe option to retain oversubscription up to 27,500 NCDs.
The total issue includes a base issue of Rs 425 crore, with a green shoe option to retain oversubscription up to Rs 275 crore.
These secured, listed, rated, redeemable NCDs will be listed on the National Stock Exchange of India (NSE).
IIFL Finance, a leading retail-focused NBFC in India, offers loans and mortgages through its subsidiaries. With a wide range of products and a vast customer base, they operate across India through branches and digital channels.
The company’s consolidated net profit declined 91.7% to Rs 40.70 crore in Q3 FY25 as compared with Rs 490.44 crore in Q3 FY24. Total income fell 9.1% YoY to Rs 2448.97 crore during the quarter ended 31st December 2024.
The counter declined 0.10% to Rs 312.40 on the BSE.