IIFL Finance allots non-convertible debentures worth INR 50 crore

IIFL Finance has announced the allotment of 5,000 Secured Redeemable Non-Convertible Debentures (NCDs), with a face value of INR 1,00,000 each, totaling INR 50,00,00,000. The allotment, approved by the Finance Committee on July 7, 2025, will be under Series D32 in dematerialized form through private placement. These NCDs, with a tenure of 457 days, have an allotment date of July 7, 2025, and a maturity date of October 7, 2026, with an interest rate of 8.80% per annum, payable on July 07, 2026, and the principal will be paid on October 07, 2026. The debentures are secured by a first ranking pari passu charge on the Company's receivables and current assets. The company also specifies that in case of a delay in payment/default, an additional interest of 2% would be levied over and above the coupon rate. The details are disclosed to the Debenture Trustee, ensuring a security cover of at least 100%.