IIFL Finance has received approval from National Stock Exchange of India (NSE) to divest equity shares aggregating upto Rs 84.70 crore of NSE through secondary market.
Earlier, the company had raised Rs 500 crore through the allotment of 50,000 Non-Convertible Debentures (NCDs) namely Secured Redeemable Non-Convertible Debentures - Series D25 of Face Value of Rs 1,00,000 each, for cash at par, on Private Placement Basis.
IIFL Finance is an Indian diversified financial services company.