IIFL Samasta Finance Limited, a unit of IIFL Finance, has made plans to raise as much as ₹4,000 crore via non-convertible debentures (NCDs) in the financial year 2025-26. This aggressive step comes after the company's previous successful NCD issues, such as a ₹1,000 crore issue in June 2024.
Points to note:
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NCD proposal of up to ₹4,000 crore in FY26
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Following previous successful issuances, including ₹1,000 crore in June 2024
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Proceeds to be utilized for onward lending, repayment of existing debt, and general corporate purposes
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AUM of the company increased 35% to ₹14,211 crore in FY24
This major fund-raising plan reflects IIFL Samasta's resolve to expand its microfinance business all over India. The firm already has operations in 417 districts, with the aim of extending innovative financial services to poor customers, especially women who are formed into Joint Liability Groups.
Sources: Company Announcement, Economic Times, BSE Filing, March 25, 2025