![IIFL Finance gets board’s nod to raise Rs 5,000 cr via bonds](https://images.assettype.com/fortuneindia%2F2022-01%2Feb0fe7a1-5db8-492d-92e1-05db3264787b%2FIndian_Currency_2.jpg?w=300&q=95)
IIFL Finance gets board’s nod to raise Rs 5,000 cr via bonds
IIFL Finance will issue secured redeemable non-convertible debentures (NCDs) worth ₹5,000 crore on a private placement basis
IIFL Finance will issue secured redeemable non-convertible debentures (NCDs) worth ₹5,000 crore on a private placement basis
The home finance company plans to use the additional capital to continue its granular expansion strategy into new markets.
Shares of IIFL Finance gained 4.5% to ₹340.35 apiece on Monday amid a report that sovereign wealth fund ADIA is in talks to acquire a minority stake in IIFL Home Finance.