Home / Business and Economy / IIFL Finance Eyes $750M Global Funding Boost
IIFL Finance Eyes $750M Global Funding Boost
26 Feb
Summary
- IIFL Finance plans to raise $500-750 million in March.
- Funding will be sourced via external commercial borrowings and dollar bonds.
- The company aims to diversify funding and support business growth.
Fairfax-backed IIFL Finance is preparing to secure between $500-750 million through external commercial borrowings and dollar bonds in March. This initiative is a key part of their strategy to broaden their resource base and fuel further growth.
Managing Director Nirmal Jain indicated that the company is in discussions with both current investors and banks from Singapore and Taiwan. The fundraising will utilize a mix of dollar-denominated loans and foreign currency social bonds, with completion expected by the third week of March.
This move aligns with recent RBI policy changes that increased ECB limits and relaxed norms, enabling companies to borrow more. Indian firms have significantly increased their ECB fundraising in recent fiscal years, with $61 billion raised in FY25.
In addition to international debt, IIFL Finance is also expanding its bond issuance, having recently launched a ₹2,000 crore retail bond and planning to raise another ₹1,000 crore from institutional investors.
