INSUBCONTINENT EXCLUSIVE:
In March, Reserve Bank of India had ordered IIFL Finance to stop sanctioning and disbursing gold loans, citing "material supervisory
The ban was lifted last month.1 min read Last Updated Oct 01 2024 | 4:37 PM IST
India's IIFL Home Finance plans to raise up to 30
billion rupees ($358 million) through a public issue of bonds, according to a draft shelf prospectus filed by the company on Tuesday.
Trust
Investment Advisors and IIFL Securities are the lead managers to the home finance company's issue, which is rated AA by Crisil and India
Ratings.Click here to connect with us on WhatsApp
The details of the bond issue have not yet been finalised.
In September, Reuters had
reported that IIFL Finance is planning to raise 100 billion rupees via debt in October-March period, as the non-bank lender looks to recover
loans, citing "material supervisory concerns"
The ban was lifted last month.First Published: Oct 01 2024 | 4:36 PMIST
