MoneyWorks4Me

IIFL Finance to launch public issue of bonds to raise Rs 1,000 crore

26 Feb 2021 Evaluate

IIFL Finance is going to launch a public issue of bonds next week to raise to Rs 1,000 crore to augment its capital base. Backed by Fairfax and CDC Group, IIFL Finance will issue unsecured redeemable non-convertible debentures (NCDs), with a base issue size of Rs 100 crore and a green-shoe option to retain oversubscription of up to Rs 900 crore, aggregating to Rs 1,000 crore.

IIFL Finance is an Indian diversified financial services company.

Peers