IIFL Finance, one of India’s largest Non-Banking Financial Companies, will open a public issue of secured bonds on June
9, 2023, to raise up to Rs. 1,500 crores, for the purpose of business growth and capital augmentation. The bonds offer
up to 9% yield and high degree of safety.
IIFL Finance will issue secured redeemable non-convertible debentures (NCDs), aggregating to Rs 300 crore, with a
green-shoe option to retain over-subscription of up to Rs 1200 crore (aggregating to a total of Rs 1,500 crore).
The IIFL bonds offer highest effective yield of 9% per annum for tenor of 60 months. The NCD is available in tenors of 24
months, 36 months and 60 months. The frequency of interest payment is available on annual,at maturity basis and with
monthly option for 60-month tenure.
The credit rating has been AA/Stable by CRISIL Ratingsand AA/Stable by ICRA, which indicates that the instruments are
considered to have a high degree of safety for timely servicing of financial obligations and carry very low credit risk. In
Q4 FY23, Moody’s upgraded IIFL Finance’s rating from B2 to B1 (stable).
Gaurav Mishra, Director, IIFL said, “IIFL Finance through a strong physical presence of over 4000 branches across India
and a well-diversified retail portfoliocaters to the credit needs of underserved population. The funds raised will be used
to meet credit need of more such customers and accelerate our digital process transformation to enable a frictionless
experience.”
He added, “IIFL has an impeccable track record of more than 25 years and all the bond issues and the debt obligations
have always been paid on time.” In April, IIFL Finance duly repaid $400 million worth of dollar bonds, raised through
medium-term notes in February 2020.
IIFL Finance is one of India’s largest retail-focused financial services companies. IIFL Finance’s Loan Assets under
Management is Rs 64,638crore as on March 31, 2023. Most importantly, 95% of the book is retail - which is focused on
small-ticket loans.
IIFL Finance has consistently maintained low level of NPAs over the years of operations and continues to focus on good
quality of assets with Gross NPA of 1.8% and Net NPA of 1.1%. As on March 31, about 73.53 % of the company’s
consolidated loan book is secured with adequate collaterals which helps to mitigate risks further.
In FY23, IIFL Finance reported a profit after tax of Rs 1,607.5 crore, up 35% on year with a robust return on equity of
19.9%. It has strong relationship with multiple banks and financial institutions.
The lead managers to the issue are Edelweiss Financial Services Limited, IIFL Securities Limited, Equirus Capital Private
Limited and Trust Investment Advisors Private Limited. The NCDs will be listed on the BSE Limited and National Stock
Exchange of India Limited (NSE), to provide liquidity to investors. The IIFL Bonds would be issued at face value of Rs
1,000 and the minimum application size is Rs 10,000 across all categories. The public issue opens on June 09, 2023 and
closes on June 22, 2023, with an option of early closure. The allotment will be made on first come first served basis.
...
https://www.youtube.com/watch?v=jJMoHJ46SrI
The book Khola Mone Rang Berange written by writer Shilpi Chakraborty was unveiled today at the hands of West Bengal Government Minister Shobhandev Chattopadhyay.The book release ceremony was attended by two joint commissions Anupam Halder and Panchali Munshi of West Bengal Government along with Professor Vishwanath Chakraborty, Dakshineshwar Bhavatarini Kali Mandir Achiparishad Kushal Chowdhury and many other dignitaries were present. Bad effect of mobile on children is the main topic of this book. Sahasranshu Patra was specially felicitated on the occasion. During the lockdown during the corona epidemic, this student’s eyesight increased while reading through virtual media. Currently, this student prefers to stay thousands of years away from mobile.#youtubekids #youtube #youtuber #youtubers #youtubekidschannel #youtubechannel #kids #youtubefamily #youtubevideos #youtubecommunity #kidsyoutube #kidsofinstagram #youtubevideo #youtubelife #kidschannel #kidyoutuber #kidsyoutuber #youtuberindonesia #youtubegaming #sub #kidsyoutubechannel #youtubemusic #instakids #subscribe #kidsofyoutube #youtubeindia #youtubekid #like #youtubersbrasil #youtubecreator
...
https://www.youtube.com/watch?v=a7JVXydPKO4
The launch of Jersey By Dalhousie Athletic Club & other interesting facts that they are planning to have their junior team ready.They are trying to develop athletes beyond the agreements and other official works.We can easily say them a pioneer of the future athletic industry.
-~-~~-~~~-~~-~-
Please watch: "Food Launch menu at Ambrosia"
https://www.youtube.com/watch?v=tktQAF3b6D0
-~-~~-~~~-~~-~-
...
https://www.youtube.com/watch?v=9khgcaK1LKo
Breakup or "breakup basikaran" in Hindi refers to the art or method of getting over a romantic breakup. It's essential to handle breakups with care and maturity to heal and move on effectively. Here are some tips and techniques that can help with breakup basikaran:
#maharajsridulal #breakuphealing #relationshipadvice
1. **Acceptance**: Accept that the relationship is over. Denying or resisting this reality can prolong the pain.
2. **Emotional Release**: Allow yourself to feel the emotions associated with the breakup, such as sadness, anger, or grief. It's okay to cry or express your feelings.
3. **Avoid Contact**: Limit or cut off contact with your ex-partner for a while. This can help you gain perspective and heal without reopening wounds.
4. **Self-Care**: Focus on self-care and self-love. Engage in activities that make you feel good, whether it's exercise, hobbies, or spending time with loved ones.
5. **Talk About It**: Share your feelings with trusted friends or family members. Talking can be therapeutic and help you process your emotions.
6. **Stay Busy**: Keep yourself occupied with work, hobbies, or new activities. This can distract you from negative thoughts and help rebuild your confidence.
7. **Avoid Rebound Relationships**: While it might be tempting to jump into a new relationship to fill the void, it's essential to give yourself time to heal before getting involved with someone else.
8. **Positive Affirmations**: Use positive affirmations to boost your self-esteem and remind yourself that you deserve love and happiness.
9. **Professional Help**: If you're struggling to cope with the breakup, consider seeking professional help from a counselor or therapist. They can provide guidance and support tailored to your situation.
Remember, everyone heals at their own pace. It's okay to take time to grieve and process the breakup. With patience, self-care, and support from loved ones, you can navigate through this challenging time and emerge stronger and wiser.
...
https://www.youtube.com/watch?v=eJoctp1P2UA