IIFL Finance ups NCD reissuance to INR 700 crore

IIFL Finance has announced an enhancement to its previously issued Non-Convertible Debentures (NCDs), as approved by its Finance Committee on March 13, 2025. The re-issuance program now aims to raise up to ₹700 crore (70,000 NCDs with a face value of ₹1,00,000 each), including a green shoe option for oversubscription up to 27,500 NCDs. The base issue size is ₹425 crore, with an option to retain oversubscription up to ₹275 crore. These NCDs are secured, listed, rated, and redeemable, falling under Series D29 Option C and will be issued on a private placement basis on the National Stock Exchange of India Limited. Specific details regarding the allotment date, maturity, coupon rate, and payment schedule will be outlined in the relevant Key Information Document. The company will pay additional interest at 2% per annum over and above the applicable Coupon Rate in case of an Event of Default.