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

Shriram Transport Ncd: Shriram Transport Finance Corporation Ncd Details

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

STFC Non-Convertible Debenture Scheme

Shriram Transport Finance is one of the biggest resource financing Non-banking account organizations in India. Following a half year, the organization has declared Secured NCDs of 2019. The NCD opened for membership on seventeenth July 2019 and will close on sixteenth August 2019. These NCDs are made sure about and offer 9.71% loan fees. Financial specialists will draw in to the high-loan fee NCDs of Shriram Transport Finance.

Shriram Transport Finance Corporation NCD Details

Issue Open July 17, 2019-August 16, 2019

Security Name Shriram Transport Finance Company Ltd

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

Issue Size (Base) Rs 300.00 Crore

Issue Size ( Shelf) Rs 10,000.00 Crores

Issue Price Rs 1000 for each NCD

Presumptive worth

Least Lot Size 10 NCD

Market Lot 1 NCD

Posting At BSE, NSE

Credit Rating 'CARE AA+; Stable' via CARE Ratings Limited ("CARE") and 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL")

Tenor Annual, Cumulative, ...
... and Monthly

Series Series I to Series X

Installment Frequency 30 months/42 months/60 months/84 months

Premise of Allotment First Come First Serve Basis

The organization raised Issue (Shelf) around Rs 10,000 crores. The base size of the Issue is Rs 300.00 crores. It allows to hold over-membership up to Rs 9,700 crore. The Non-Convertible Debentures (NCD) offered various toners, rating from 30 months to 84 months with loan fees from 9.12% to 9.71 % relying upon the Tenor. The NCDs are accessible for 10 focuses. A base use of issue is for 10 securities (NCD) and the Market part is 1 NCD. The NCD has referenced that senior residents would get a 0.25% additional loan cost. Intrigue payable ought to be accessible for month to month, yearly, and on a total premise. The value band of the issue is Rs 1000 for each NCD of presumptive worth Rs 1000 for every NCD. The organization has proposed to be recorded on BSE and NSE.

Total Views: 81Word Count: 317See All articles From Author

Add Comment

Business Articles

1. Beginners Guide To Account-based Marketing
Author: saisha

2. We Will Guide How Cement Bricks Will Help You For Constructing The Better Future
Author: sivakumar

3. Best Truck Floor Mats Must Be Used To Keep The Floor Protected!
Author: Custoarmor

4. 6 Mukhi Rudraksha Silver Pendant
Author: Shikha

5. Buy Mobile Signal Booster Online And Get The Best Deal On It!
Author: Jackson Torres

6. لماذا تريد المزيد من الشركات الاستعانة بمصادر خارجية لخدمات الموارد البشرية؟
Author: ehr

7. China Anlotinib Hydrochloride Market Trends, Application And Regional Forecast To 2021-2025
Author: james Grey

8. How Does Annual Maintenance Contract By Professionals Help With Complete Servicing?
Author: drillnhammer

9. Global Antifungal Drugs Market Trends, Application And Regional Forecast To 2021-2027
Author: james Grey

10. Why It Is Better To Start Using Solar Power Today?
Author: horizonelectricsolar

11. China Cotton Import Market Trends, Application And Regional Forecast To 2022-2030
Author: james Grey

12. Htc's Vive Focus 3 Headset Upgrades And Improvements
Author: Gracee Smith

13. Audio Visual Companies In Birmingham Strive Hard To Install The Most Advanced Av Systems!
Author: ALTA Systems

14. Pmma Nanoparticles Are Also Named As Bone Cement!
Author: Alpha Nanotech Inc.

15. Global Carbon Fiber Market Research Report (2021-2026)
Author: Kavita

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