25 July 2012

Shriram Transport Finance- Public Issue of Non-Convertible Debentures 2012.



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.


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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

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