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The Economic Times

Business

IBL Finance proposes public issue of NCDs worth up to Rs 50 crore

Technology-enabled non-banking financial company IBL Finance Ltd has proposed a public issue of secured, rated, listed, and redeemable non-convertible debentures (NCDs) aggregating up to Rs 50 crore.

The issue comprises a base issue of Rs 25 crore and a green shoe option to retain oversubscription of up to Rs 25 crore, taking the total issue size to Rs 50 crore, the company said in a statement.

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