IIFL Holdings’ material subsidiary, India Infoline Finance (IIFL Finance) is going to launch a public issue of NCDs on January 22, 2019, to raise up to Rs 2,000 crore, for the purpose of business growth.
IIFL Finance will issue secured and unsecured redeemable non-convertible debentures (NCDs), aggregating to Rs 250 crore, with a green-shoe option to retain over-subscription up to Rs 1,750 crore (aggregating to a total of Rs 2,000 crore). The IIFL Finance NCDs offer highest yield of 10.50% p.a. for Individuals and non-institutional category investors, and 10.35% for Institutional category investors, for tenor of 120 months.
IIFL Holdings is one of India's leading, diversified financial services companies.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
| View more.. | |
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