IIFL Finance closes tranche I debenture issue early

IIFL Finance Limited has announced the early closure of its Tranche I public issue of secured, rated, listed, redeemable, non-convertible debentures. The issue, which aimed to raise up to INR500 crore, will now close on April 11, 2025, instead of the initially scheduled April 23, 2025. The decision to close early was made by the Finance Committee of the Board of Directors. The subscription list for the Tranche I issue will remain open until 3:00 p.m. on April 11, 2025, or as permitted by the Stock Exchange. The debentures have a face value of INR1,000 each. The company will also issue a public notice regarding the early closure, as outlined in the prospectus.