IIFL Finance’s Finance Committee has approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. Two options are available: Option A involves issuing up to 70,000 listed, rated, redeemable NCDs with a base issue of ₹200 crore, potentially reaching ₹700 crore with oversubscription. Option B includes up to 100 perpetual, unsecured, listed, rated NCDs with a base issue of ₹50 crore, possibly extending to ₹100 crore.
NCD Issuance Details
The Finance Committee of IIFL Finance has given the green light for issuing Non-Convertible Debentures (NCDs) through private placement. The decision was made during a meeting held on December 22, 2025. Here’s a breakdown of the approved options:
Option A: Secured, Redeemable NCDs
Under this option, IIFL Finance may issue up to 70,000 listed, rated, redeemable Non-Convertible Debentures. The face value of each NCD is ₹1,00,000. The base issue size is set at ₹200 crore, with a green shoe option to retain oversubscription up to ₹500 crore, bringing the total potential issue size to ₹700 crore.
- Type: Unsecured, Subordinated, Listed, Rated, Redeemable
- Size of Issue: Base issue of ₹200 crore with an option to retain oversubscription up to ₹500 crore.
Option B: Perpetual NCDs
This option allows for the issuance of up to 100 perpetual, unsecured, listed, rated Non-Convertible Debentures. Each NCD has a face value of ₹1,00,00,000. The base issue size is ₹50 crore, with a green shoe option to retain oversubscription up to ₹50 crore, making for a potential issue of up to ₹100 crore.
- Type: Perpetual, Unsecured, Listed, Rated.
- Size of Issue: Base issue of ₹50 crore with an option to retain oversubscription of ₹50 crore.
Key Terms and Conditions
The specific details regarding the tenure, date of allotment, maturity, coupon/interest rates, and payment schedules will be outlined in the relevant Key Information Document. In the event of a delay in interest or principal payments, an additional interest of 2% p.a. will be applied over the coupon rate for the duration of the delay.
Listing and Availability
Both options of NCDs are proposed to be listed on the National Stock Exchange of India Limited. Further information can be found on the company’s website, www.iifl.com.
Source: BSE
