India Infoline raises Rs. 900 crore through NCD issue

September 22, 2013 04:25 pm | Updated November 16, 2021 09:13 pm IST - Mumbai

India Infoline Finance Ltd. today said it has raised Rs. 900 crore through public issue of secured redeemable non-convertible debentures (NCDs).

The NCD issue has collected Rs. 900 crore and is closing on September 23, a statement issued in Mumbai said.

The company had launched NCD issue aggregating up to Rs. 525 crore, with an option to retain over-subscription up to Rs. 525 crore, aggregating to a total of up to Rs. 1,050 crore on September 17.

Investors prefer to opt for the Monthly Income Option of 3 years and 5 years, respectively. The Retail and QIB (qualified institutional buyers) portions have been fully subscribed, the release said.

IIFL NCDs have an option of monthly and annual interest payment and the yield works out to 12.68 per cent per annum for the monthly interest option and 12 per cent per annum for the annual interest option.

The NCDs will be listed on NSE and BSE and will have a tradable lot size of 1 NCD.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.