IBL Finance Approves Issuance of NCDs Worth Up To ₹500 Million 4 days ago
IBL Finance has approved the issuance of Non-Convertible Debentures (NCDs) worth up to ₹500 million. The move represents a capital-raising initiative by the company through the debt markets. NCDs are fixed-income instruments that enable companies to raise funds without equity dilution. This development underscores IBL Finance's approach to structured debt financing.
IBL Finance, a small-cap NBFC, has reached ₹100 crore in Assets Under Management. The company has disbursed ₹154 crore to profitable NBFCs and plans to partner with 36 national NBFCs for expansion. IBL Finance aims to raise additional funds through debt instruments to support growth. The company's NPAs have decreased to 1.99% for FY 2024-25, indicating improved asset quality.