IIFL Finance has approved the terms and conditions including enhancement of the size of the issue for the re-issuance of previously issued NCDs on private placement basis in the form of secured, listed, rated, redeemable, non-convertible debentures. The company has approved the enhancement upto Rs 700 crore (70,000 NCDs of face value of Rs 1,00,000 each) with a base issue size of Rs 425 crore and a green-shoe option to retain oversubscription up to Rs 275 crore).

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