Advertisement

Issue of NCDs by Shriram Transport Finance Company Limited-7th Jan to 31st Jan 2019

Advertisement

India’s largest player in commercial vehicle finance Shriram Transport Finance Company Limited has made announcement for public issue of Secured Redeemable Non Convertible Debenture (NCD’s). The issue has opened on 7th Jan 2019 and will close by 31st Jan 2019.The NCDs offered through this Tranche 3 Prospectus are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). 
The below are the details:
Issue Size:  Size of upto 70,00,000 Secured Redeemable Non Convertible Debentures of face value of ₹ 1,000 Each with base size for an amount of ₹ 20,000 Lakhs(“Base Issue Size”) with an option to retain over subscription upto₹ 50,000 lakhs aggregating upto ₹ 70,000 lakhs.
Interest rate: up to 9.5% p.a.
Credit ratings:‘CRISIL AA+/Stable’, ‘IND AA+: Outlook Stable’ by India Ratings and Research.
Public Issue Account Bank: HDFC Bank Limited.
Click here to apply to issue (through HDFC securities)
Click here to know more about the company
Click here for prospectus (subject to company guidelines)
Non Convertible Debentures Definition: Debentures are long-term financial instruments which acknowledge a debt obligation towards the issuer. Some debentures have a feature of convertibility into shares after a certain point of time at the discretion of the owner. The debentures which can’t be converted into shares or equities are called non-convertible debentures (or NCDs).

Advertisement

Leave a Reply

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh

Join Telegram GroupJoin Whats App Group