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 fixes record date for interim dividend
 ( Market Beat - Reports 30-Jan-23   20:32 )
  IIFL Finance consolidated net profit rises 22.15% in the December 2022 quarter
 ( Results - Announcements 31-Jan-23   07:41 )
  Board of IIFL Finance raising up to Rs 1500 cr via rights issue
 ( Corporate News - 13-Mar-24   18:46 )
  Board of IIFL Finance approves investment in rights issue of IIFL Samasta Finance
 ( Corporate News - 30-Jan-23   20:34 )
  Volumes soar at IIFL Finance Ltd counter
 ( Hot Pursuit - 16-Sep-21   11:00 )
  IIFL Finance Limited: [ICRA]AA(Stable) assigned to NCDs; ratings for other instruments reaffirmed
 ( Press Releases - 03-Aug-22   13:33 )
  IIFL Finance to hold board meeting
 ( Corporate News - 12-Jun-24   13:46 )
  Volumes soar at IIFL Finance Ltd counter
 ( Hot Pursuit - 16-Sep-21   14:30 )
  Board of IIFL Finance approves allotment of 5.86 cr shares under scheme of arrangement
 ( Corporate News - 31-Mar-20   09:33 )
  IIFL Finance to convene board meeting
 ( Corporate News - 19-Mar-22   12:41 )
  IIFL Finance spurts after Q3 PAT rises 22% YoY
 ( Hot Pursuit - 31-Jan-23   15:16 )
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