Kolkata: Fairfax-backed IIFL Finance plans to raise $500-750 million (₹4,547-6,820 crore) in external commercial loans and dollar bonds in March, as part of its strategy to diversify resources and finance growth. The gold loan-focused non-bank lender is in talks with existing investors as well as banks from Singapore and Taiwan, managing director Nirmal Jain told […]
IIFL Finance plans a retail bond issue of Rs 2,000 crore next week to support business growth that has more than doubled in a year, supported by a rise in gold jewelery lending.The bonds will be issued over multiple maturities, with terms ranging from 24 months to 60 months. These instruments are likely to yield […]