IIFL Finance plans to borrow Rs 1,500 crore.
The largest non-bank lender, IIFL Finance, is using the debt market to raise up to Rs 1,500 crore by selling NCDs, promising investors returns of up to 9%. The Prem Watsa-led Fairfax Holding-backed company said in a statement on Tuesday that the debt raising through a public issue will begin on June 9 and that…