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: 47Word Count: 317See All articles From Author

Add Comment

Business Articles

1. Psychic Mediums: Can A Psychic Medium Forecast An Oil Spill?
Author: Danae Diederich

2. Seo Is The Key To Your Online Marketing Success!
Author: Harry Sazos

3. How To Choose The Right Paint Colour For My Kitchen?
Author: Sam An

4. Environmnetal Hazards And Work Clothes
Author: peter main

5. Environmental Hazards - Need For Proper Storage
Author: peter main

6. Environmental Hazards In Farming
Author: peter main

7. Do’s And Don’ts For An Effective Commercial Office Fitouts
Author: Dennis Youssef

8. Office Fitouts – Know The Importance
Author: Dennis Youssef

9. Why Sydney Retro Jukebox Hire Is Popular Today?
Author: Laurie Hekeik

10. Gardening Equipment Market Growth, Market Potential, End-user, Key Manufacturers, Competitive Analysis, Revenue Market And Forecast To 2027
Author: DBMR

11. Baby Oral Care Market Size, Share, Growth, Potential Revenue And Key Drivers Analysis Research Report By 2027
Author: DBMR

12. Middle East And Africa Water Dispensers Market Share, Industry Trends, Size, Revenue, Demand, Growth Analysis, Top Leaders: Honeywell International In
Author: DBMR

13. Countertops Market Growth At A Cagr Of 4.80% In The Forecast Period Of 2020 To 2027
Author: DBMR

14. Smart Water Pumps Market Facts, Figures And Analytical Insights During Forecast Period 2020 To 2027
Author: DBMR

15. Automotive Linear Positions Sensors Market Evolving Opportunities With Innovative Ideas By Key Players |2020-2027
Author: DBMR

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