 "India Infoline Finance raises Rs 900 crore through NCD issue")
India Infoline Finance Ltd today said it has raised Rs 900 crore through public issue of secured redeemable non-convertible debentures.
The NCD issue has collected Rs 900 crore and is closing on September 23, a statement issued here said.
The company had launched NCD issue aggregating up to Rs 525 crore, with an option to retain over-subscription up to Rs 525 crore, aggregating to a total of up to Rs 1,050 crore on September 17.
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Investors are preferring to opt for the Monthly Income Option of 3 years and 5 years, respectively. The Retail and QIB portions have been fully subscribed, the release said.
IIFL NCDs have an option of monthly and annual interest payment and the yield works out to 12.68% per annum for the monthly interest option and 12% per annum for the annual interest option.
The NCDs will be listed on NSE and BSE and will have a tradeable lot size of 1 NCD.
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