Home » India Infoline to issue Rs 10.5 bn worth debentures

India Infoline to issue Rs 10.5 bn worth debentures

India Infoline to issue Rs 10.5 bn worth debentures

India Infoline Finance would issue non-convertible debentures worth Rs 525 crore with an option to retain over-subscription of a similar amount.

In other words, the non-banking finance arm of India Infoline would mop up a maximum of Rs 1,050 crore through this issuance.

The company roped in Axis Capital, India Infoline, Trust Investment Advisors and IDBI Capital Market Services as the lead managers to the issue. The co-lead managers are RR Investors Capital Services, Karvy Investor Services and SMC Capitals.

The NCDs would be secured redeemable with maturities of three years and five years and a face value of Rs 1,000 each.


Investors in the NCDs of both the maturities would get an annual coupon of 12 per cent, which also have the option of monthly interest payment with a yield of 12.68 per cent per annum. The NCDs will be listed on both BSE and National Stock Exchange.

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