IIFL Finance has announced the issuance of senior, unsecured, listed, rated, redeemable Non-Convertible Debentures (NCDs) through private placement. The Finance Committee of the Board of Directors approved the terms and conditions on December 11, 2025. The issuance includes up to 10,000 NCDs with a base issue size of 2,500 NCDs and a green shoe option to retain oversubscription up to 7,500 NCDs.
NCD Issuance Details
On December 11, 2025, IIFL Finance’s Finance Committee approved the issuance of senior, unsecured, listed, rated, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. This follows an earlier intimation dated December 08, 2025.
Key Terms
The NCDs are categorized as Series D34. The total issuance size is up to 10,000 NCDs, consisting of a base issue size of up to 2,500 NCDs and a green shoe option to retain oversubscription up to 7,500 NCDs.
Issue Size
The issue size is up to INR 100 Crore, with each NCD having a face value of INR 1,00,000. The base issue size is up to INR 25 Crore, with a green shoe option available to retain oversubscription up to INR 75 Crore.
Listing and Other Details
The NCDs will be listed on the National Stock Exchange of India Limited. The tenure, allotment date, maturity date, coupon/interest details, and repayment schedule are outlined in the relevant Key Information Document.
Additional Interest on Delay
In case of delay in payment of interest/coupon and/or redemption of principal on the due dates, the Company shall pay additional interest @ 2% p.a. over and above the Coupon Rate for the period from the date of occurrence of such Event of Default until such Event of Default ceases to exist or is cured to the satisfaction of the Debenture Trustee (acting on the instructions of the Debenture Holders).
Source: BSE
