IIFL group's public issue of NCDs with redemption yield of up to 11.90% to open tomorrow

JAIPUR: India Infoline Investment Services limited's maiden public issue of secured redeemable non- convertible debentures (NCDs) of Rs. 750 crore will open tomorrow.

The NCD issue with three investment options and redemption yield of up to 11.90 per cent (per annum) will close on August 12, a company official said here.

The NCDs will be listed on National Stock Exchange and Bombay Stock Exchange.

The face value of NCD is Rs. 1,000 and minimum application is for Rs. 5,000, he said, adding, that the funds raised through this issue will be used by the company for various financial activities.