24/4/2025, 8:34:03 am

ICL Fincorp plans to raise Rs 100 crore via NCD

ICL Fincorp plans to raise Rs 100 crore via a public issue of secured, redeemable Non-Convertible Debentures (NCDs), opening on April 25, 2025, and closing on May 9. This is the fifth series of NCDs from the Crisil BBB-rated company, offering returns up to 13.01% effective yield. Proceeds will fund lending, repay borrowings, and general corporate purposes.