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 consolidated net profit rises 24.95% in the September 2023 quarter
 ( Results - Announcements 19-Oct-23   07:44 )
  IIFL Finance secures $100 mln funding from EDC & Deutsche Bank
 ( Hot Pursuit - 08-Apr-23   15:32 )
  IIFL Finance rises as board to mull fund raising
 ( Hot Pursuit - 18-Apr-23   10:32 )
  Board of IIFL Finance to consider issuance of NCDs
 ( Corporate News - 17-Apr-23   19:09 )
  IIFL Finance to hold board meeting
 ( Corporate News - 08-Mar-24   09:38 )
  IIFL Finance consolidated net profit rises 24.07% in the June 2022 quarter
 ( Results - Announcements 27-Jul-22   18:04 )
  IIFL Finance standalone net profit rises 51.42% in the June 2022 quarter
 ( Results - Announcements 27-Jul-22   18:03 )
  IIFL Finance announces board meeting date
 ( Corporate News - 18-Apr-23   10:33 )
  IIFL Finance consolidated net profit rises 29.03% in the June 2023 quarter
 ( Results - Announcements 27-Jul-23   15:39 )
  IIFL Finance allots 1.81 lakh equity shares under ESOS
 ( Corporate News - 18-Mar-23   12:22 )
  Volumes spurt at IIFL Finance Ltd counter
 ( Hot Pursuit - 19-Aug-22   14:30 )
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