IIFL Finance plans to raise INR 5bn via debentures

IIFL Finance announced plans to raise up to INR 5 billion through a public issue of secured, rated, and listed non-convertible debentures (NCDs). According to a press release dated April 4, 2025, the funds will be used for lending, financing, refinancing, debt servicing, and general corporate purposes. The NCDs have received a "Crisil AA/Stable" rating from Crisil Ratings Limited and "[ICRA] AA (Stable)" from ICRA Limited, indicating a high degree of safety. The issue opens on April 7, 2025, and closes on April 23, 2025. IIFL Finance will issue NCDs up to INR 1 billion, with an option to retain over-subscription of up to INR 4 billion. The NCDs will be available in tenors of 15, 24, 36 and 60 months, with interest payment options of monthly, annual and cumulative. As of December 31, 2024, IIFL Finance's consolidated Assets under Management stood at INR 714.1019 billion.