India Infoline Finance, a subsidiary of India Infoline is planning to mop up Rs 50 crore debt through a non-convertible debenture (NCD) issue. The said NCDs will be in the nature of subordinated debt and will be eligible for tier-II capital.
The issue has an AA-(stable) rating from both CRISIL and ICRA and will be listed on the BSE and NSE. However, the company did not specify when the issue will open. The issue comprises a base issue of un-secured redeemable NCDs with a face value of Rs 1,000 each aggregating up to Rs 25 crore with an option to retain over-subscription of similar amount, aggregating to a total of Rs 50 crore.
The lead managers to the issue are Axis Bank, SBI Capital Markets, Edelweiss Financial Services, Trust Investment Advisors and India Infoline, while co-lead managers are RR Investors.
| 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.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: