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IIFL Finance Approves Up to Rs 350 Crore Secured NCD Allotment

IIFL Finance logoIIFL Finance
Sig2.55Sen+2.75Env0.00Soc0.00Gov+0.25

IIFL Finance’s board approved allotment of 35,000 secured, listed, rated, redeemable non-convertible debentures with a total face value up to Rs 350 crore. The NCDs will be allotted Sept. 2, 2026 and mature Sept. 1, 2028, with interest payments starting Sept. 2, 2027. The lender also reported a sharp rise in June-quarter profit backed by higher net interest income and lower provisions.

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