Can you tell me about IIFL Finance’s fund raising plans?
Answer
Answer
IIFL Finance, the lending and financing arm of the IIFL group, plans to raise Rs5,000 core via issue of bonds through a public issue. The sum of Rs5,000 crore will be raised in one or more tranches through redeemable non-convertible debentures or NCDs. IIFL Finance is into the business of offering fund-based products like home loans, gold loans and business loans. Some of its popular products in India are LAP financing, MSME funding, microfinance and developer and construction finance.