Home / Companies / News / IIFL Finance raises Rs 100 crore through NCDs on private placement basis

IIFL Finance raises Rs 100 crore through NCDs on private placement basis

IIFL Finance said the NCDs will be listed on the National Stock Exchange

Tamil Nadu has borrowed close to a massive Rs 40,000 crore in four-and-a-half months, compared to Rs 17,000 crore last year

premium

The company board of directors approved allotment of 1,000 NCDs of face value of Rs 10 lakh each

1 min read Last Updated : Aug 19 2020 | 2:01 PM IST

IIFL Finance on Wednesday said it has raised Rs 100 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

It said the 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 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 said in a regulatory filing.

Shares of IIFL Finance were trading 0.94 per cent lower at Rs 79.15 apiece on BSE.

Topics : IIFL NCDs