IIFL Finance Limited announced that at the board meeting held on March 20, 2024, approved allotment of 50,000 (Fifty Thousand) Non-Convertible Debentures namely Secured Redeemable Non-Convertible Debentures Series D25 of Face Value of INR 100,000 (Rupees One Lakh) each, for cash at par, aggregating to INR 5,000,000,000 (Rupees Five Hundred Crores) on Private Placement Basis. Tenor is 3 Years or 36 Months. Date of Allotment is March 20, 2024.
Coupon/Interest is 9.50% per annum.