Sakthi Finance Limited Ncd Details

By Author: dariya hussain
Total Articles: 349
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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.