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The NBFC said that the issue is within the shelf limit of Rs 5,000 crore.
The secured redeemable NCDs having face value of Rs 1,000 each will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). NSE is the designated stock exchange.
The NCDs proposed to be issued under the Tranche II issue have been rated “CRISIL AA/Stable” (pronounced as CRISIL double A rating with Stable outlook) for an amount of Rs 5,000 crore by Crisil.
The Tranche II issue will open on 9 June 2023 and it will closes on 22 June 2023.
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. IIFL Finance, through its subsidiaries, offers a wide spectrum of products such as home loan, gold loan, business loan, microfinance, capital market finance and developer & construction finance to a vast customer base of over 8 million+ customers. IIFL Finance has widened its pan-India reach through extensive network of branches spread across the country and various digital channels.
The diversified NBFC reported a 28.61% growth in consolidated net profit to Rs 412.74 crore on 17.74% rise in total income to Rs 2,276.01 crore in Q4 FY23 over Q4 FY22.
Shares of IIFL Finance slipped 1.55% to Rs 466.50 on the BSE.
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