Committee Meeting Updates

IBL Finance Limited's Finance Committee has approved a Public Issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs). This capital raise includes a base issue of ₹25 Crore, with an option to retain over-subscription up to an additional ₹25 Crore, bringing the total potential issue size to ₹50 Crore.

This initiative aims to bolster the company's financial resources.

The committee also approved the Draft Prospectus related to this issue for filing.