IIFL Finance to raise up to Rs 500 cr via NCD

Finance Ltd on Friday said it will raise up to Rs 500 crore through a public issue of secured, rated, listed redeemable non-convertible debentures (NCDs) to fund growth. The funds raised will be used for the purpose of onward lending, financing/refinancing the existing indebtedness of the company and general corporate purposes, IIFL Finance said in a statement. The issue will open on April 7, 2025, and close on April 23, 2025, it said.