India Infoline Finance Limited will open a public issue of un-secured, redeemable, non-convertible debentures (NCDs) of Rs. 500 crore.

The issue will open on September 5 and close on September 18, with the NCDs listed on the National Stock Exchange and the Bombay Stock Exchange.

Mukesh Kumar Singh, President, India Infoline Limited said that the issue, comprised NCDs with a face value of Rs. 1,000, aggregating to Rs. 250 crore, had the option to retain over-subscription up to another Rs. 250 crore.

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