IIFL Fintech Private Limited, a wholly-owned subsidiary of IIFL Finance , has completed the acquisition of Xtracap Fintech India Private Limited. The transaction was finalized on June 12, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As a result of the acquisition, IIFL Fintech now holds 89.69% of the paid-up share capital of Xtracap. Consequently, Xtracap has been classified as a step-down subsidiary of IIFL Finance Limited.

The acquisition follows an earlier intimation dated May 1, 2026, regarding the proposed transaction. IIFL Fintech was formerly known as IIFL Open Fintech Private Limited.

Transaction Details

The intimation was submitted by Samrat Sanyal, Company Secretary & Compliance Officer of IIFL Finance Limited.

IIFL Finance has allotted USD 500,000,000 Fixed Rate Senior Secured Notes due 2029. The Finance Committee approved the allotment on June 10, 2026, pursuant to powers delegated by the Board of Directors. The notes carry a coupon rate of 7.60% per annum and are issued under Regulation S and/or Rule 144A of the U.S. Securities Act 1933, as part of the company's USD 1,000,000,000 Global Medium Term Note Programme.

The issuance has a tenure of 3.25 years, maturing on September 10, 2029. Interest payments are scheduled semi-annually on March 10 and September 10 each year, commencing March 10, 2027. Fitch Ratings and S&P Global Ratings have each assigned a B+ rating to the instrument.

Proceeds from the issue will be utilized in accordance with IIFL Finance Limited's Social Finance Framework. The funds are earmarked for onward lending and supporting the growth of the company's business, complying with the External Commercial Borrowings (ECB) Regulations as defined in the Offering Circular dated May 25, 2026.

The notes will be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited. Security for the notes includes a first ranking pari passu charge over all present and future receivables and assets of the company. This covers accounts, operating cash flows, current assets, book debts, loans, and advances, subject to the Security Coverage Ratio defined in the Offering Circular, excluding certain Excluded Assets.