The debentures having a coupon rate of 8.50% p.a. have tenure of upto 1 year and 10 days.
These instruments will be listed on National Stock Exchange of India.
IIFL Finance is one of the leading retail focused diversified NBFC in India, engaged in the business of loans and mortgages along with its subsidiaries - IIFL Home Finance and IIFL Samasta Finance.
The company's consolidated net profit rose 22.2% to Rs 378.30 crore on 16.3% increase in total income to Rs 2144.56 crore in Q3 FY23 over Q3 FY22.