Fresh off ban, India's IIFL Finance plans $1.2b fundraise via bonds

Fresh off ban, India's IIFL Finance plans $1.2b fundraise via bonds

Photo: Reuters

India’s IIFL Finance plans to raise 100 billion rupees ($1.20 billion) via debt in the next six months and diversify both its borrowing sources and business, a top official said on Tuesday, as the non-bank lender looks to recover from a recent ban.