IIFL Finance (NSE:IIFL, BOM:532636) has received board approval for a proposal to raise up to 10 billion Indian rupees through the issue of non-convertible debentures on a private placement basis.

The base size of the issue up to 50,000 rated, listed, secured, redeemable non-convertible debentures worth 5 billion rupees with a greenshoe option of the same amount.

Price (INR): ₹413.30, Change: ₹+1.9, Percent Change: +0.46%