IIFL Finance to issue perpetual debt instruments for up to ₹300 crore

IIFL Finance Limited, on September 3, 2025, announced its Finance Committee approved the issuance of Listed, Unsecured, Non-Convertible Perpetual Debentures (NCDs) through a private placement. The issuance will comprise up to 300 NCDs, targeting a total of up to ₹300 crore. This includes a base issue size of ₹50 crore and a green-shoe option to retain oversubscription up to ₹250 crore.

The NCDs, perpetual in nature, will be listed on the National Stock Exchange of India Limited. There is no specified maturity date, and redemption is subject to a call option by the company after at least ten years from the allotment date, pending RBI approval. Further details regarding coupon/interest rates and payment schedules will be provided in the Key Information Document.

Should interest or principal payments be delayed by more than three months, IIFL Finance will incur an additional interest of 2% p.a. above the Coupon Rate. This additional charge will apply until the default is rectified to the satisfaction of the Debenture Trustee.