India Infoline Finance Limited (IIFL), a subsidiary of India infoline Limited will open a Public issue of Un - Secured Redeemable Non-Convertible Debentures on 5th September 2012. These are available with a face value of Rs 1,000 each aggregating up to Rs 2,500 milllion. The NCDs will be available with an option to retain oversubscription, aggregating to a total of Rs 5,000 million.
The company has informed that the NCDs will be in the nature of subordinated debt and will be eligible for Tier-II capital. The public issue will close on 18th September 2012. IIFL is a leading lending business company in India.
Tje NCD are said to be attractive for investors with good interest and also bos t the company's capital adequacy. More details of the Public Issue and about the company may be available at www.indiainfoline.com/ .