The Finance committee of the Board of Directors of India Infoline Finance Limited, material subsidiary of IIFL Finance Ltd, at its meeting held today i.e. February 20, 2020 has completed the allotment of U.S. $ 400 million 5.875 per cent senior secured notes due 2023 under the U.S. $ 1,000,000,000 Secured Medium Term Note Programme.
The gross proceeds from issuance of the Notes will be applied for on-lending and for supporting growth of the Company's businesses in accordance with the permitted uses set out in the ECB Master Directions.
The instrument is listed in Singapore Exchange Securities Trading Limited ("SGXST").
Shares of IIFL Finance Limited was last trading in BSE at Rs.187.95 as compared to the previous close of Rs. 194.8. The total number of shares traded during the day was 15968 in over 870 trades.
The stock hit an intraday high of Rs. 195.65 and intraday low of 186.95. The net turnover during the day was Rs. 3033999.