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IIFL Finance Ltd.

BSE: 532636 Sector: Financials
NSE: IIFL ISIN Code: INE530B01024
BSE 00:00 | 24 Apr IIFL Finance Ltd
NSE 05:30 | 01 Jan IIFL Finance Ltd

Announcement under Regulation 30 (LODR)-Credit Rating

April 21, 2020, 10:34 pm | Source: BSE

We would like to inform that pursuant to the order passed by Honble National Company Law Tribunal (NCLT) dated March 07 2019 approving the Composite Scheme of Arrangement (Scheme) the merger of India Infoline Finance Limited with IIFL Finance Limited (the Company) was effected on March 30 2020. Pursuant to the said merger all notes issued under the USD1 billion medium-term note (MTN) programme were transferred from India Infoline Finance Limited to IIFL Finance Limited.

In view of above international credit rating agency viz Fitch Ratings has assigned Issuer Default Rating (IDR) and Debt Ratings to IIFL Finance Limited in place of India Infoline Finance Limited as per enclosed rating rational.

Kindly take the same on record and oblige.