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IIFL Finance raises Rs 100 cr through non-convertible debentures

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IIFL Finance on Tuesday stated it has raised Rs 100 crore by means of issuance of non-convertible debentures on a non-public placement foundation.

It stated the debentures might be listed on the Wholesale Debt Market phase of NSE.

“Finance committee of the board of directors of the company…. approved allotment of 1,000 non convertible debentures…..of face value of Rs 10 lakh each, for cash at par, aggregating to Rs 100 crore, on private placement basis,” IIFL Finance stated in a regulatory submitting.

Shares of IIFL Finance had been buying and selling 12.21 per cent increased at Rs 105.20 apiece on BSE.

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