IIFL Wealth Management is planning to raise upto Rs 250 crore through secured redeemable nonconvertible debentures (NCDs) (including but not limited to principal protected market linked/non-principal protected/structured product/ fixed coupon/deep discount/zero coupon) on a private placement basis.
The meeting of the Resource Raising Committee of the Company is scheduled to be held on November 18, 2021 to consider the same.
IIFL Wealth Management engages in the retail of financial products and services in India.