IIFL Wealth Management’s board has approved the allotment of 298 rated secured redeemable principal protected market linked non-convertible debentures (NCDs) of face value Rs 10 lakh each, at an issue price of Rs 10,02,041 each, aggregating to Rs 29.86 crore on a private placement basis. The Resource Raising Committee of the Company at its meeting held on January 7, 2022 has approved the allotment of the same.
IIFL Wealth Management engages in the retail of financial products and services in India.
