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ICL Fincorp

By Shilpa Reddy , 25 April 2025
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ICL Fincorp to Raise Rs 100 Crore Through Public Issue of Non-Convertible Debentures

ICL Fincorp, a prominent gold loan financier, has announced plans to raise Rs 100 crore through a public issue of secured, redeemable Non-Convertible Debentures (NCDs). This latest offering, which will open on April 25, 2025, and close on May 9, 2025, marks the company's fifth series of NCD issues. The instruments, carrying a Crisil BBB-stable rating, offer attractive returns for investors with effective yields reaching up to 13.01%. The funds raised will be used for business growth, including onward lending, repayment of existing borrowings, and general corporate purposes.

 

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