13 July 2012

Public Issue of Shriram Transport Finance Company Ltd. NCD- NEW ISSUE



Shriram Transport Finance Company
 Ltd is coming up with the public issue of Secured Non-Convertible Debentures aggregating upto Rs.300 Crores with an option to retain over-subscription upto Rs.300 Crores. The issue is expected to open from 26th of July 2012.

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Key Features of the NCD:
Rating: AA+ by CARE and AA by CRISIL
Allotment of Bonds will be on first cum first serve basis.
Tenor – 36 & 60 Months
Interest Payment –Annual & Cumulative both options available
Listing - Proposed to be listed on BSE & NSE.
Minimum subscription - Rs. 1, 0000 (10 NCDs & in multiples of Rs. 1,000).
Issuance - Compulsorily in dematerialized form to all categories of investors other than Reserved Individual Investors who have opted for allotment of NCDs in the physical form.



About Shriram Transport Finance Company Ltd.

*        India's largest player in commercial vehicle finance, established in the year 1979.
*        Has a network of 488 branches and service centres.
*        One of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs).

Key Financials:
Particulars
As on 31st March (Rs. In Crores)
2012
2011
2010
PBT
1957.50
1837.55
1324.57
PAT
1308.75
1217.12
873.10
EPS
57.83
53.82
38.72



The coupon rate, opening and closing date of the issue is yet to be decided by the issuer.

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