InCred Financial Oct 23 NCD Issue Review

27/10/2023 Financial & Legal Services

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Description

IFSL is offering a public issue of non-convertible debentures (NCDs) to raise up to Rs. 300 crore. The issue opens for subscription on October 25, 2023, and closes on or before November 7, 2023. The NCDs will be listed on the BSE.

The NCDs are being offered in 6 options, with tenures ranging from 3 to 5 years and interest rates ranging from 8.90% to 9.75% per annum. Investors can also opt for cumulative or non-cumulative options.


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