IIFL Finance to open public issue of bonds next week to rais

IIFL Finance to open public issue of bonds next week to raise Rs 1,000 crore


IIFL Finance to open public issue of bonds next week to raise Rs 1,000 crore
Synopsis
The public issue of bonds will open on March 3, 2021 for the purpose of business growth and capital augmentation.
Agencies
The NCDs will be listed on BSE and NSE to provide liquidity to investors, IIFL Finance said.
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NEW DELHI: IIFL Finance on Friday said it will launch a public issue of bonds next week to raise up to Rs 1,000 crore to augment its capital base.
Backed by Fairfax and CDC Group, IIFL Finance will issue unsecured redeemable non-convertible debentures (NCDs), with a base issue size of Rs 100 crore and a green-shoe option to retain oversubscription of up to Rs 900 crore, aggregating to Rs 1,000 crore, the company said in a release.

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