Jobaaj Stories
IIFL Finance will raise capital of Rs 5,000 crore via debt by issuing bonds on a private placement basis. The bonds will be offered through public issues, subject to regulatory and statutory approvals.
"The board of directors of the company at their meeting held today, June 23, 2022, approved the raising of funds by way of issuance of secured redeemable non-convertible debentures with the shelf limit of Rs 50,000 million, in one or more tranches," the board of IIFL Finance said in a regulatory filing.
HNG promoter offering Rs 1,380 crores cash and 10% equity to lenders, read more.
IIFL Finance is a non-banking finance company (NBFC) and is one of the leading players in the financial services space in India. Along with its subsidiaries - IIFL Home Finance Limited and Samasta Microfinance Limited, it provides a diverse range of loans and mortgages.
These include home loans, gold loans, business loans including loans against property and medium & small enterprise financing, microfinance, developer & construction finance, and capital market finance; catering to both retail and corporate clients. The company has a nationwide presence with a thriving network of 3,119 branches across 500+ cities.
As of 31st March 2022, IIFL has Rs. 51,210 crore of assets under its management (AUM) with a credit rating of AA Stable from CRISIL.
On 24th June 2022, Friday, the stock closed at Rs. 323.95 (1.44%), after making a high of Rs. 325.50.
-by Gautam
This news piece is brought to you in association with jobaaj.com
