IIFL Finance plans to raise up to Rs 500 crore via public NCDs offering up to 10.25% yield, rated AA/Stable, for onward lending, corporate purposes and investor diversification.

The base issue size of the NCD is ₹100 crore, with a green shoe option to retain over-subscription of up to ₹400 crore.

“Districts like Gulbarga and Belgaum are worst affected.” Banks and NBFC-MFIs like CreditAccess Grameen, IIFL Samasta, Ujjivan Small Finance Bank are some of the largest players in Karnatak ...