MoneyWorks4Me

IIFL Holdings’ arm raises Rs 325 crore from CDC Group

05 Jul 2018 Evaluate

IIFL Holdings’ subsidiary -- India Infoline Finance (IIFL Finance) -- has raised Rs 325 crore from CDC Group Plc (CDC), the United Kingdom's Government-owned Development Finance Institution.

CDC, which has a minority equity stake in IIFL Finance, a leading non-banking finance company, invested in Rupee Denominated Tier-II qualifying subordinated bonds having a tenor of 10 years. This is IIFL Group’s maiden Masala Bonds issue.

IIFL Holdings is one of India's leading, diversified financial services companies.


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