India Infoline mulls Rs. 100 million, Rs. 150 million in debentures

By Tanya Meyer

Chicago, Dec. 15 – India Infoline Finance Ltd. informed the Bombay Stock Exchange that its debenture committee will meet on Dec. 18 to consider issuing Rs. 100 million in secured, redeemable, non-convertible debentures.

The committee meeting was rescheduled from Dec. 17.

As previously reported, the debentures will be issued on a private placement basis, with an oversubscription option for up to Rs. 100 million.

In addition, the committee will also consider issuing Rs. 150 million in secured, redeemable, non-convertible series A7 debentures at a zero coupon rate on a private placement basis, according to a news release.

India Infoline Finance is a Mumbai-based subsidiary of IIFL Holdings Ltd.

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