In our continued endeavortoencourage retail investment in our Company, Shriram Transport Finance Company Limited, is launching its fourth public issue of Non-Convertible Debentures for an amount of `600 crores (`300 crores with an option to retain oversubscription of upto `300 crores). The Issue provides 4 different investment options with the tenors of 3 years and 5 years. The Issue opens for subscription on July 26, 2012 and closes on August 10, 2012, subject to an option of early closure or extension of the issue.
��
The Key highlights of the issue:
· Four options with Tenors of 3 years and 5 years
· Investor have the option to select either the annual interest payment or the premium on redemption option
· 80% of the issue is reserved for individual investors – 40% for individuals applying upto Rs.5 lacs and 40% for individuals applying for above Rs.5 lacs.
· Interest rate/ yield for individual investors holding the NCDs on the relevant record date are 11.15% pa and 11.40% pa for 3 years and 5 years respectively.
· Allotment on first-cum-first serve basis.
· Individuals applying for NCDs for value not more than Rs. 5 Lac can opt for allotment in either demat or physical mode
No comments:
Post a Comment