IIFL plans to raise Rs 1000 cr News Today

  • | Wednesday | 3rd March, 2021

Chennai: IIFL Finance one of India's largest Non-Banking Financial Companies is opening a public issue of bonds today to raise up to Rs 1000 crores for the purpose of business growth and capital augmentation. IIFL said the bonds offer up to 10.03 per cent yield and high degree of safety. The Fairfax and CDC Group backed IIFL Finance will issue unsecured redeemable non-convertible debentures (NCDs) with a base of Rs 100 crore and a green-shoe option to retain over-subscription up to Rs 900 crore (aggregating to a total of Rs 1000 crore).

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