IIFL Finance's NCD offer opens today: Should you invest in it?
Thu, Feb 1, 2024 10:38 AM

IIFL Finance's NCD offer opens today: Should you invest in it?

A Flip by Shubhangi Gupta
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IIFL Finance is launching secured NCDs to raise Rs 1000 crore for lending purposes. The NCDs have a face value of Rs 1000 and come in seven series with varying tenures and payout options. The company has a diversified loan portfolio with a relatively low NPA ratio, but the rating agencies have raised concerns about the young age of the loan book and the impact of the pandemic on borrowers.

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