The Finance Committee of the Board of Directors of IIFL Finance Ltd has approved the allotment of 35 NCDs aggregating to Rs. 35 crores on private placement basis.
Moody s Investors Service has upgraded IIFL Finance Limited s long-term corporate family rating to B1 from B2, foreign currency senior secured debt rating to B1 from B2, and foreign and local currency senior secured medium-term note program ratings to (P)
Fairfax-backed, leading Mumbai-based non-banking financial company, IIFL Finance, has secured $100 million in long-term funding, jointly, from Export Development Canada and Deutsche Bank.