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Here’s more on IIFL Samasta’s NCD offer to help you take an informed investment call.
IIFL Finance will issue secured redeemable non-convertible debentures (NCDs), aggregating to ₹300 crore, with a green-shoe option to retain over-subscription of up to ₹1,200 crore (aggregating to a total of ₹1,500 crore).
IIFL Finance will issue shares to 4,000 employees at more than 98% percent discount to the company’s current share price.
Source: https://www.thehindubusinessline.com/markets/stock-market-highlights-04-sep-2023/article67267020.ece