IIFL Wealth Management has raised Rs 120 crore through rated secured redeemable principal protected market linked non-convertible debentures (NCDs) and allotted 1,200 NCDs having face value of Rs 10 lakh each, on a private placement basis. The Resource Raising Committee of the Company at its meeting held on December 27, 2021 has approved the same.
IIFL Wealth Management engages in the retail of financial products and services in India.