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

Shriram Transport Finance Company Ltd Ncd Details

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

Shriram Transport Finance Company Ltd NCD Period begins from Jan 6 To Jan 22, 2020:

Shriram Transport Finance Company Ltd Established in 1979. It is one of the greatest nonbanking money organizations. It offers types of assistance for FTB (first-time purchasers) and SRTOs (little street transport administrators) for productive segments. The NCD time of the organization begins on Jan 2020 and closes on 22nd Jan 2020.

NCD Details:

Issue Open Jan 6 To Jan 22, 2020

Security Name Shriram Transport Finance Company Ltd

Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)

Issue Size(Base) Rs 200 cr

Issue Size (Shelf) Rs 1,000 cr

Issue Price Rs 1,000 for every NCD

Face Value Rs 1,000 each NCD

Least Lot Size 10 NCD

Market Lot 1 NCD

Posting At BSE, NSE

Credit Rating CARE AA+/Stable, IND AA+/Stable

Tenor Annual, Cumulative, and month to month

Series Series I to VIII

Installment Frequency 3 years, 5 Years, 7 years

Premise of Allotment First Come Frist Serve Basis

The Size ...
... of the issue is Rs 200 crore. It was a made sure about, redeemable, non-convertible debentures type NCDs. Shriram Capital Limited goes about as an advertiser for this NCD.

The assumed worth of this NCD is Rs 1,000 for every NCD. The cost of the issue is Rs 1,000 for every NCD. Its market part is 1 NCD. The units will be allocated by the primary start things out serve strategy. This NCD will be recorded on BSE and NSE.

Coupon Rates:

Series Interest Payment Tenures Months Coupon Rate Maturity Value

I Monthly 3 Years 8.52% RS 1,000

II Monthly 5 years 8.66% Rs 1,000

III Monthly 7 Years 8.75% RS 1,000

Iv Annually 3 Years 8.85% Rs 1,000

V Annually 5 years 9.00% RS 1,000

VI Annually 7 Years 9.10% Rs 1,000

VII Cumulative 3 Years NA Rs 1,289.99

VIII Cumulative 5 years NA Rs 1,539.35

Shriram Transport Finance Company NCD Minimum speculation:

The base size of the issue is 10 NCDs (Rs 10,000). It was material for the whole arrangement and furthermore in products of 1 NCD (Rs 1,000) for all arrangement.

Objects of the NCD:

The issue will use the raised sum for advances and financing, and discounting the loaning sum, comparably for the general corporate purposes.

The proposed NCDs have been evaluated as CARE AA+/Stable, IND AA+/Stable. The units designated to the QIBs are 10%, 10% for NIIs, 40% for HNI s and 40% for RIIs.

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

Total Views: 73Word Count: 378See All articles From Author

Add Comment

Beauty Articles

1. Men's Facial Care Advice (daily Beauty Tips)
Author: Mahima Kamal Nijhum

2. Contributing To Society, Positively - Dr. Simple Aher
Author: Dr. Simple Aher

3. How To Select The Right Quality Hair Care Products
Author: cimeihaircolor

4. Start & End The Day With Risewell Toothpaste
Author: Jeannie Jarnot

5. What All Treatments Are Available At A Quality Med Spa?
Author: Wanda Greene

6. Discovering Axiology Lipstick For The First Time
Author: Jeannie Jarnot

7. How To Achieve Glowing Skin At Home?
Author: Miracle Beauty Salon

8. Get In Shape This Festive Season With Dr Simple Aher
Author: Dr. Simple Aher

9. Global Human Milk Oligosaccharides (hmo) Market
Author: geeta

10. 3 Reasons To Explore Clean Beauty Products
Author: Jeannie Jarnot

11. Things Every Woman Must Know Before Getting A Hair Cut
Author: Adam Almine

12. What Is The Celebrity Eyelashes
Author: kaushal kumar

13. Top Advantages & Applications Of Marigold
Author: Shivam Kaur

14. 5 Best Hair Transplant Clinics In Delhi You Should Explore
Author: DHI India

15. How To Consider Before You Choose The Best Hair Transplant Clinic In Gurgaon
Author: DHI India

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