IIFL Finance gains after board approves Rs 600 cr fundraise via NCDs

The funds will be raised through unsecured, subordinated, listed, rated, redeemable non-convertible debentures - series D33.

The proposed NCDs will be listed on National Stock Exchange (NSE).

IIFL Finance is one of the leading retail-focused diversified NBFC in India, engaged in the business of loans and mortgages along with its subsidiaries - IIFL Home Finance and IIFL Samasta Finance. The company (along with its subsidiaries), offers a wide-spectrum of products such as home loan, gold loan, business loan, microfinance, capital market finance and developer & construction finance to a vast customer base.

The company's consolidated net profit declined 44.4% to Rs 207.68 crore on 11.2% increase in total income to Rs 2,594.35 crore in Q4 FY25 over Q4 FY24.