123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Sakthi Finance Limited Ncd Details

Profile Picture
By Author: dariya hussain
Total Articles: 349
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Sakthi Finance Limited NCD period from March 13 to April 9, 2020:

The Sakthi Finance Limited fused in 1955. It was a RBI enlisted store taking NBFC and furthermore associated with the vehicle financing area. The organization engaged with the vehicle business, for example, dairy, auto parts, co-age, mechanical liquor, sugar, car dissemination. The organization presented another Non-Convertible Debentures fund. The NCD time frame began on thirteenth Mar and it will end on ninth Apr 2020.

NCD Details:

Offer Period March 13 to April 9, 2020

Security Name Sakthi Finance Ltd

Security Type Secured, Redeemable, Non-Convertible Debentures and Unsecured Subordinated Non-Convertible Debentures

Issue Size (Base) Rs 100 Cr

Issue Size (Shelf) Rs 200 Cr

Issue Price Rs 1000 Per NCD

Face Value Rs 1000 Each NCD

Least Lot Size 10 NCD

Market Lot 1 NCD

Posting At BSE

Credit Rating ICRA BBB/Stable

Tenor 24, 39, 49, 62 months

Series I to XI

Installment Frequency Annual, Cumulative, and Monthly

Sakthi Finance Ltd has ...
... wanted to raise a base size of Rs 100 cr. The financial specialist needs to contribute at least 10 bonds and in products of 1 NCD bond. The Face estimation of the plan is Rs 1000 for every NCD bond. It offers diverse loan costs and residencies of two years, 39 months, 49 months, and 62 months. The NCD is accessible in 11 arrangement.

Sakthi Finance Limited NCD Coupon Rates:

Arrangement Frequency Tenor Coupon Rate Maturity Amount

I Monthly 24 Months 9.50% Rs 1,000

II Cumulative 24 Months NA Rs 1,207

III Monthly 39 Months 9.75% Rs 1,000

IV Annually 39 Months 9.75% Rs 1,000

V Cumulative 39 Months NA Rs 1,368

VI Monthly 49 Months 10% Rs 1,000

VII Annually 49 Months 10% Rs 1,000

VIII Cumulative 49 Months NA Rs 1,497

IX Monthly 62 Months 10.25% Rs 1,000

X Annually 62 Months 10.25% Rs 1,000

XI Cumulative 62 Months NA Rs 1,687

The distributed every one of 50,000 NCD's for QIBs and NIIs, likewise, 900,000 NCD's for HNIswith all out NCD's of 1,000,000. The ICRA Rating Agency evaluated as BBB/Stable. It will be recorded on the Bombay Stock Exchange (BSE).

Disclaimer: This article gives data about the plan. It doesn't offer any guidance or suggestion. If you don't mind counsel your money related guide before contributing.

Total Views: 543Word Count: 319See All articles From Author

Add Comment

Business Articles

1. Essential Fall Clean Up And Spring Aeration For A Healthy Lawn
Author: michellumb44

2. Find The Best Paver Installers Near Me For A Stunning Landscape
Author: michellumb44

3. What Is Digital Lending And How It's Gonna Work?
Author: Niyogin

4. Enhance Your Outdoor Space With Professional Landscaping In Faribault, Mn
Author: michellumb44

5. The Importance Of Professional Commercial Snow Plowing Services
Author: michellumb44

6. Top Peb Manufacturer In Sanand For Cost-effective Construction
Author: worldlinkpeb

7. A Shifting Environment And What It Means For Fisheries
Author: yelenaparker

8. Beat The Mid-year Slump With A Weekend Getaway
Author: keilykurukula

9. Easy Trailer Loan Options – Get Financing Today!
Author: Chevron Equipment Finance

10. Motorcycle Tyres: The Need-to-knows
Author: joegoldberg

11. Elevate Your Organization’s Data Insights With Power Bi
Author: Maria

12. Crane Repair Services In Virginia: Ensuring Safety And Efficiency
Author: VA Crane Rental Inc

13. Optimizing Healthcare Revenue: The Essential Guide To Medical Billing
Author: patriotmedbill

14. Hidden Trading Fees That Could Be Draining Your Trading Account!
Author: Robert Freemna

15. Make Your Holi Special With Premium Gift Hampers
Author: Loveandcheesecake

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: