Hot Pursuit     17-Nov-20
IIFL Finance hits the roof after raising Rs 100 cr from NCDs
IIFL Finance was locked in an upper circuit of 20% at Rs 112.5 after the brokerage firm on Tuesday said it has raised Rs 100 crore through issuance of non-convertible debentures on a private placement basis.
The finance committee of the board of directors of the company approved allotment of 1,000 secured redeemable non-convertible debentures (NCDs) of face value of Rs 10 Lakh each, aggregating to Rs 100 crore on private placement basis. The coupon rate of NCD is 8% with a tenor of 18 months.

IIFL Finance announce stellar Q2 September 2020 result on 3 November 2020. On a consolidated basis, the company's net profit jumped 148% to Rs 212.59 crore on a 30.3% rise in total income to Rs 1515 crore in Q2 September 2020 over Q2 September 2019.

IIFL Finance offers a wide spectrum of products such as home loan, gold loan, business loan, microfinance, capital market finance and developer & construction finance.

Previous News
  IIFL Finance raises $175 mln via external commercial borrowing
 ( Hot Pursuit - 03-Jul-23   13:16 )
  IIFL Finance schedules board meeting
 ( Corporate News - 30-Jul-24   17:24 )
  IIFL Finance announces cessation of director
 ( Corporate News - 18-Sep-24   12:23 )
  IIFL Finance board OKs raising Rs 1,500 cr via NCDs
 ( Hot Pursuit - 05-Jun-23   12:58 )
  Volumes jump at Gland Pharma Ltd counter
 ( Hot Pursuit - 27-Oct-22   14:30 )
  IIFL Finance allots NCDs aggregating Rs 125 cr
 ( Corporate News - 06-Apr-23   11:35 )
  IIFL Finance approves grant of 1.50 lakh stock options
 ( Corporate News - 27-Aug-22   11:17 )
  IIFL Finance gains on raising Rs 125 cr via NCDs
 ( Hot Pursuit - 06-Apr-23   11:23 )
  IIFL Finance schedules board meeting
 ( Corporate News - 24-Jan-23   17:06 )
  Board of IIFL Finance to consider NCD issuance
 ( Corporate News - 12-Jun-24   17:44 )
  IIFL Finance to table results
 ( Corporate News - 11-Jan-24   09:41 )
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