IIFL Finance is planning to raise up to Rs 1,000 crore through issuance of non-convertible debentures (NCDs) of various maturity. The company will issue NCDs aggregating to Rs 100 crore, with a green-shoe option to retain oversubscription up to Rs 900 crore. The bonds are available in tenors of 24 months, 36 months and 60 months. The funds raised will be used for business growth and capital augmentation.
IIFL Finance is an Indian diversified financial services company.