IIFL Finance Share Price in Focus; Allots 35,000 NCDs Worth ₹350 Crore

IIFL Finance Limited has announced the allotment of 35,000 secured, listed, rated, redeemable non-convertible debentures (NCDs) through a private placement.  

The debentures, each with a face value of ₹1,00,000, amount to a total of ₹350 crore. This allotment was approved by the Finance Committee of the Board of Directors on September 2, 2026. 

Details of the Allotment 

The NCDs are set to be listed on the National Stock Exchange of India Limited. The tenure of these instruments is 730 days, with the date of allotment being September 2, 2026, and the maturity date set for September 1, 2028.  

The debentures carry an interest rate of 9.25% per annum, with interest payments scheduled for September 2, 2027, and September 1, 2028. The principal amount will be redeemed on the maturity date. 

Security and Charge 

The debentures are secured by a first-ranking pari passu charge over all current, standard, and performing book debts, loans, advances, and current assets/receivables of the company.  

This includes assets arising from gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property. The security cover is maintained throughout the tenure of the debentures. 

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Default and Additional Interest 

In the event of a default, including delays in coupon payment or principal redemption, the company will pay an additional interest of 2% per annum over the applicable coupon rate.  

This applies to both defaulted amounts and the principal amount outstanding, effective from the date of default until it is resolved to the satisfaction of the debenture trustee. 

IIFL Finance Share Price Performance 

As of September 02, 2026, at 2:34 PM, IIFL Finance share price on NSE was trading at ₹634.30, down by 0.76% from the previous closing price. 

Conclusion 

IIFL Finance has successfully allotted 35,000 non-convertible debentures, raising ₹350 crore. These debentures, secured by a first-ranking pari passu charge, offer a 9.25% interest rate and are set to mature on September 1, 2028. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.