IIFL Finance Ltd. Board Approval for Fundraising via Non-Convertible Debentures (NCDs) and Financial Snapshot.

1. Strategic Capital Raising The Board of Directors of IIFL Finance Ltd. has formally approved a significant fundraising initiative aimed at bolstering the company's capital structure. Instrument: Public issue of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). Shelf Limit: The issuance has a shelf limit of up to ₹2,000 crore. Issuance Structure: The NCDs may be issued in one or more tranches, contingent upon necessary statutory and regulatory approvals under SEBI Regulations, 2021. Green Shoe Option: The Board has authorized a "Green Shoe" option, providing the flexibility to retain oversubscription should investor demand exceed the base issue size. 2. Regulatory Compliance The company has confirmed that specific details regarding the issue, strictly adhering to SEBI’s Master Circular disclosure norms, will be filed and communicated at the time of each respective tranche launch. 3. Financial Performance (Q2 FY25 Context) This capital raise comes against the backdrop of a strong financial turnaround for the quarter ended September. Net Profit: The company reported a consolidated net profit of ₹376.3 crore, marking a significant recovery from a loss of ₹157 crore in the corresponding period of the previous fiscal year. Net Interest Income (NII): NII demonstrated steady growth, rising 6.1% YoY to ₹1,439 crore (up from ₹1,355 crore), driven by lower provisions and consistent loan growth. 4. Market Reaction & Stock Performance Market sentiment regarding the announcement and recent financial health has been positive. Intraday Performance: Following the announcement, shares traded 2.3% higher at ₹570.1, having touched an intraday high of ₹577.5.