IIFL Finance raises Rs 100 crore through NCDs

Representative Image. Credit: Reuters Photo

India Infoline Finance (IIFL) on Wednesday said it has raised Rs 100 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

It said the NCDs will be listed on the National Stock Exchange (NSE).

"Finance committee of the board of directors of the company approved allotment of 1,000 non convertible debentures of face value of Rs 10 lakh each, for cash at par, aggregating to Rs 100 crore, on private placement basis," IIFL Finance said in a regulatory filing.

Shares of IIFL Finance were trading 0.94 percent lower at Rs 79.15 apiece on BSE.