IIFL Finance Limited has received comprehensive credit rating updates from Infomerics Valuation and Rating Limited on December 22, marking significant developments in the company's debt instrument portfolio. The rating agency has assigned new ratings while reaffirming existing ones for substantial financial instruments totaling ₹5,650.00 crores.

Credit Rating Details

Infomerics Valuation and Rating Limited has provided comprehensive rating updates for IIFL Finance's debt instruments. The rating agency assigned an IVRAA/Stable rating for a new proposed perpetual debt instrument and reaffirmed existing ratings for commercial paper and perpetual debt instruments.

Regulatory Compliance

The company disclosed this information in accordance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and The National Stock Exchange of India Limited on December 22.

Rating Documentation

The detailed rating report by Infomerics for IIFL Finance Limited is available on the rating agency's official website. The company has provided the direct link to the rating document for stakeholder reference and transparency at https://infomericstorage.blob.core.windows.net/uploads/PRIIFLFinance22Dec25a4492b6d0f.pdf .

Market Communication

Samrat Sanyal, Company Secretary and Compliance Officer, signed the regulatory filing on behalf of IIFL Finance Limited. The communication was sent to stock exchanges including India International Exchange (IFSC) Limited, ensuring comprehensive market disclosure of the rating updates.

IIFL Finance Limited has finalized the terms and conditions for its non-convertible debentures (NCDs) issue worth up to ₹100.00 crores. The Finance Committee of the Board of Directors approved the detailed structure for the debt instruments at their meeting held on December 11, 2025, following the initial board approval announced on December 8, 2025.

Issue Structure and Specifications

The NCD issue has been structured as Series D34 debentures with comprehensive terms designed for institutional and retail investors. The following table outlines the complete issue parameters:

Terms and Conditions Framework

The Finance Committee has established detailed terms covering various aspects of the debenture issue. Key operational parameters include:

Default and Penalty Provisions

The debentures include investor protection mechanisms in case of payment delays. If there is a delay in payment of interest or principal for more than three months from the due date, the company will pay additional interest at 2% per annum over and above the coupon rate. This penalty will apply from the date of default until the issue is resolved to the satisfaction of the Debenture Trustee acting on instructions of the debenture holders.

Regulatory Compliance and Documentation

The NCD issue complies with Regulation 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has also adhered to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance for the private placement.

Strategic Capital Mobilization

This NCD issue represents IIFL Finance's strategic approach to diversifying its funding sources through debt capital markets. The private placement structure allows the company to raise funds efficiently while the NSE listing ensures liquidity for investors in the secondary market. The greenshoe option provides flexibility to scale the issue based on investor demand and market conditions.