IIFL Finance announced on Tuesday that it has approved allotment of 8% Non-Convertible Debentures (NCD) to raise Rs 100 crore.
The Mumbai based company stated in its BSE regulatory filing, “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Finance Committee of the Board of Directors of the Company vide Resolution dated November 17, 2020 approved allotment of 1,000 Non-Convertible Debentures namely Secured Redeemable Non Convertible Debentures Series D10 of Face Value of INR 10 Lakhs each, for cash at par, aggregating to INR 100 Crores, on Private Placement Basis.”
