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IIFL Finance informs about allotment of NCDs

06 Dec 2024 Evaluate
With reference to earlier intimations dated October 10, 2024 and December 03, 2024 with respect to approval of terms and conditions for issuance and re-issuance respectively of Non-Convertible Debentures (NCDs) on private placement basis and pursuant to Regulations 30 & 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IIFL Finance has informed that Finance Committee of the Board of Directors of the Company vide Resolution dated December 06, 2024 approved allotment of 50 (Fifty) NCDs namely Unsecured Redeemable Non-Convertible Subordinated Debentures - Series D26 of Face Value of INR 1,00,00,000 (Indian Rupees One Crore) each, for cash at par, aggregating to INR 50,00,00,000 (Indian Rupees Fifty Crore) on Private Placement Basis. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed.

The above information is a part of company’s filings submitted to BSE.

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