Give us a missed call 73508-73508
Latest News
Maharashtra Is Important Market for Japanese CompaniesRupee recovers 22p to close at 72.67 against dollar on easing crude pricesIndustrial growth slips to 4-month low of 4.5 pc in SeptRetail inflation cools to year-low of 3.31 pc in OctTVS Motor Company’s revenue grows by 22%, EBITDA grows by 18% in Q2 of FY 2018-19RIL posts record Rs 9,516 crore profit in Q2Gold slips further, down Rs 150 as demand softensInfosys Q2 net profit up 10.3% to Rs 4,110 cr, sees strong demand outlookAnnual US budget deficit hits USD 779 bn, highest since 2012: US TreasuryBank fraud: ED attaches Rs 5.4-cr assets in Gujarat pharma firm caseTalcher Coalfields to produce 100 MT coal during 2018-19NCLT allows Centre's plea for reconstitution of IL&FS BoardCabinet approves disinvestment of ITDC hotels in J&K, BiharRupee recovers 9 paise to end at 72.60; focus on Fed meetBad debts on a decline, loan recovery picking up of PSU banks, says JaitleyRupee falls 33 paise to 72.96 against US dollarSensex recovers 900 pts after plummeting 1,100 pts; Nifty reclaims 11,100Pakistan invites Saudi Arabia to be 3rd partner in CPECJet Airways passengers suffer nasal bleeding as crew fails to control cabin pressureGold weakens on muted demand, global cuesKIIFB to raise Rs 5,000 crore from Masala BondsHero receives Broking License from IRDAI15th Fin Commission: Maha seeks Rs 50,000 cr for Mumbai regionNifty settles below 11,250, down 44.55 pointsNo need to increase interest rate to rein in rupee depreciation: FinMin officialTata Steel bags 'Steel Industry Leader' awardForex reserves plunge below USD 400 bn markWockhardt moves HC against ban on its fixed dose combination drugSBI denies any laxity on its part in dealing with fugitive Vijay Mallya caseSwaraj, Russia's Deputy PM review progress in bilateral cooperationWPI inflation drops to 4-month low of 4.53 pc in AugNuMetal ineligible to bid for Essar Steel: ArcelorMittal to SCGujarat's financial services centre GIFT City makes global cutNo govt nod required for public cos for managerial compensation: MCAOla launches fleet service in KolkataU.S. officials have reached out to China for new trade talksRBI governor to give pep talk to anti-corruption officersArcelorMittal assails NCLAT order asking it to pay Rs 7,000 cr before bidding for Essar SteelJaitley rubbishes Mallya's claim; says never gave appointment for meetingRetail inflation cools to 11-month low of 3.69 pc in AugOil nears $80 a barrel as concern grows over global supplyGold prices rise as jewellers shrug off weak global trendApple to broaden iPhone lineup with more screenChina is "one of the bigger risks" to global economy - BoE's CarneyIRDAI may allow insurance companies to test products in a particular geographyRussia-China to invest in hi-tech developmentSensex crashes 509 pts to end at over 1-month low on global trade woesFrom Oct 2, unlisted cos to issue new shares in demat form: GovtRs 90 cr bank fraud case: ED raids 9 places in Tamil NaduChina's August oil imports rise 6.5 pct as teapots return to marketChina's August oil imports rise 6.5 pct as teapots return to marketAlibaba co-founder Jack Ma announces retirementForex reserves drop by USD 1.19 bn to USD 400.10 bnKerala flood takes toll on natural rubber production, priceBilateral trade with India can grow manifold: Mexican envoyConsumer, SME lending thrust areas for Tata Capital FinGerman industry hit by trade tension, auto bottleneckBritish Airways hacked with details of 380,000 bank cards stolenAsia shares hit 14-mth lows, yen advances on trade jittersIndia urges US to take 'balanced, sensitive' view on H-1B visa issueStranded Indian ship Malaviya Twenty put up for salePolicybaazar eyes Rs 700 cr revenue in FY19Oil falls more than 1 pct as storm fears ease, demand concerns mountEx-Ranbaxy promoter in disobedience of HC order, directed to deposit 3.5 million Singapore dollarsSensex drops 140 pts as rupee hits new lowUK new car sales jump as demand for electric vehicles soarsWhatsApp expands radio campaign to curb fake news to 10 more Indian statesGold remains weak on global cues; silver recoversICICI Bank crosses milestone of supporting 15 lakh women beneficiaries in MaharashtraDeccan Odyssey Titled Asia's Leading Luxury Train for the 5th Time in RowGST on overseas air tickets violates intl norms: IATA chiefPresident Kovind invites investment from CyprusSensex succumbs to late sell-off, ends in red for 4th straight session on rupee woesPaytm Registers over 100 Crore Monthly Sessions; Largest contribution from Money TransfersExternal factors behind fuel price rise: PradhanGold, silver fall on weak global cues, muted demandMehul Choksi's properties are money laundering assets: PMLA AuthorityGST collections fall to Rs 93,960 cr in AugLIC aims Rs 7,550-cr first premium income from eastern regionGujarat govt partners with US advocacy group for 'Vibrant Gujarat' summitSBI hikes benchmark lending rate by 0.2 pcForex reserves rise by $445.4 mn to $401.293 bnPakistan needs USD 9bn to meet current account deficit: Finance Minister Asad UmarPM to launch India Post Payments Bank on Sept 1Trump says EU bid to end auto tariffs 'not good enough'Trump says EU bid to end auto tariffs 'not good enough'Sensex falls over 100 pts on weak rupee, negative global cuesMake home buying a memorable journey this festive seasonRe hits fresh record low of 70.82, drops 23 paise against US dollarReliance to expand operations in U'khandBhushan Steel's ex-promoter gets bail even as SC to hear plea of SFIO tomorrowPar panel questions RBI on failure to take preemptive action against bad loansBhushan Steel ex-promoter's challenge to SFIO's arrest powers not frivolous: HCGold spurts Rs 355, silver tops Rs 37,000-mark on strong demandSri Lankan rupee hits record low on importer dollar demandPar panel questions RBI on failure to take preemptive action against bad loansDiesel price hits record high of Rs 69.46 a litre, petrol inches towards Rs 78 markGovt approves procurement of 111 helicopters for Navy at cost of Rs 21,000 crSouth Africa's Vodacom launches 5G internet service in LesothoRlys to replace loss making AC II-tier coaches in premium trains with AC-IIIGold zooms Rs 250 on firm global cues, festive demandHC questions SFIO's procedure in probe into Bhushan Steel and arrest of former promoterIndiGo, GoAir ground 9 A320 neo planes on P&W engine woesIndiGo, GoAir ground 9 A320 neo planes on P&W engine woesAMFI optimistic to retain double digit growth for MFs in FY19'US banking sector profits hit record $60.2 bln in Q2 2018RBI to conduct exam for applicants who failed to appear due to Kerala floodsRupee breaches 70-mark again, falls 27 paise against US dollarJaitley re-appointed as Finance Minister, to take charge todayFed suggests interest rate hike could come soonAir India clears allowance of pilotsTax benefits to donors of Kerala flood victimsIsraeli central bank critical of Netanyahu plan to raise defence spendingUS imposes preliminary anti-dumping duties of over 50% on metal pipes made in IndiaOil tops $73 on report of US inventory drop, Iran sanctionsHDFC Life launches new Click 2 Protect 3D PlusMaruti Suzuki, employees pledge Rs 3.5 cr for Kerala flood reliefGold slides on low demand, silver remains steadyVenezuela launches crypto-pegged forex rate, effectively devaluating by 96 pctGold eases, silver recovers on subdued demandVajpayee was 'quintessential gentleman', a product of democracy: JaitleyOil prices slip over concerns of global economic slowdownForex restrictions necessary to arrest rupee slide: Economist5,600 job-seekers turn up at HCL recruitment driveRupee plummets to historic low of 70.09 on Turkish lira collapseCBI officer probing Aircel-Maxis case allegedly involving P Chidambaram gets extensionPNB scam: Court takes cognisance of Prez sanction to prosecute AnanthasubramanianAshish Kumar Bhutani appointed CEO of PM crop insurance schemeGood news! Big fall in CPI inflation, dips to 4.17% in JulyGoogle tracks your movements, like it or notU.S. finalizes next China tariff list targeting $16 bln in importsBank of Maharashtra increased Deposit Interest RatesGold slides on weak global cues, silver plungesTrump hosts Nooyi, Banga among top corporate leaders for dinner at private golf courseIndian banks take about Rs 70,000-cr hit due to frauds in last 3 fiscalsAir India again delays salaries; employees yet to get pay for JulyIndra Nooyi to step down as Pepsico CEO14 per cent jump in foreign tourist arrivalsBritannia Ind to split stock, issue bonus debenturesSaudi Arabia resumes oil exports through Red Sea laneGoa mining stamp duty error leads to Rs 108 cr loss: CAGGold extends gains on firm global cues; silver tops Rs 39kUS' export to India increases as bilateral trade deficit dropsOver 30,000 new posts in railwaysGovt to move High Court against Reliance arbitration award, says PradhanMfg states showing lesser revenue shortfall: Sushil ModiED attaches over Rs 320-cr assets of Chennai jewellery groupChina urges US to return to reason on tradeApple's ride to $1 trillion: The magic number that gets it thereRBI raises interest rate by 0.25% on inflationary concernsAsian shares rise, but US tariff plan puts focus back on trade warGovt to withdraw FRDI bill; writes to Par panelFederal Reserve is expected to keep interest rates unchangedCoal India to procure mining equipments in three yearsRBI interest rate setting panel starts 3-day meetHarley pushes deeper into Asia with smaller bikes to kickstart growthGold weakens on global cues, muted demandRecent GST rate cut credit negative: Moody'sIndia's forex reserves up $67.7 mn to $405.14 bn'India can attract more foreign firms if it replicates Singapore's business model'ITC working towards enhancing farmers' incomeIndian-driven gold mining project in Russia praised at BRICS SummitSensex rallies over 300 pts; Nifty breaches 11,200 markPentagon opens competition for $10 billion cloud contractFacebook buys Israeli messaging company RedkixNifty hits all-time high, up 35 pointsBharti Airtel Q1 net income plunges 73 pc to Rs 97 croreGold gains Rs 80 on global cues, jewellers' buyingNirav Modi, Choksi summoned by court under new fugitive offender lawAsian stocks creep higher, but weak growth worry caps gainsRupee declines 3 paise against US dollar in early tradeRBI has wide ranging powers to deal with various situations facing banks: GovtGold remains weak on global cues, muted demandRailways' global tender for supply of long rails to open todayWall Street rises as climbing yields boost financialsGlobal airfares, hotel rates to rise in 2019 - industry forecastIran 2nd largest oil supplier to oil PSUs in April-June: PradhanFinance minister sleeping? HC asks on DRT not functioningSensex scales new peak on GST rate cut; FCMG, banks rallyOil prices fall on demand concerns as G20 warns of risks to growthEmployee, not in employment for a month, to get 75 pc PFGovt slashes GST rate on several productsTruckers' strike gets mixed response on day twoRahul Gandhi has seriously hurt image of Indian politician before the world: JaitleyAmazon, Toyota, Alcoa and others working to counter Trump's tariff plansForex reserves continue to fall; down $734.5 mn to $405.07 bnNifty rises 53 pts, reclaims 11,000-levelPM Modi and Prez Xi to meet during BRICS summit in Johannesburg, discuss US' trade protectionism: ChinaFSSAI directs 10 e-commerce firms to delist non-licensed food operatorsSilver climbs on industrial demand, global cuesIndia pushing ahead on Sustainable Devolvement Goals: AkbaruddinLS passes fugitive eco offenders bill as Oppn attacks govtAirAsia announces $30bn deal for 100 Airbus planesRBI to soon issue new Rs 100 note in lavender colourSensex ends lower in cautious tradeSecurity concerns over TAPI gas project need to be addressed: AkbaruddinIndia fastest growing economy in Asia; on track to meet FY18 target: ADBBritannia rolls out Rs 170-cr unit in Assam; to hire 1,000 personsSensex drops 217 pts on sell-off in banking, pharma stocksGold recovers on global cues, jewellers' buyingAsian shares fall on soft China data, trade war fearsGoyal wants businessmen to blow whistle on tax evasionSensex slips from record on profit-bookingBank, LIC,GIC unions to protest against govt policies tomorrowInfosys Q1 net profit up 3.7% to Rs 3,612 cr; announces 1:1 bonus issueIHH Healthcare wins race for Fortis, to invest Rs 4,000 crLPG subsidy jumps 60% as govt maintains prices to help consumers'Aadhaar-enabled DBT savings estimated over Rs 90,000 Cr'Gold, silver recover on mild demandConnaught Place world's 9th most expensive office locationChina to provide 'greater access' to Indian anti-cancer drugsGoyal asks Coal India to ensure supply for power sectorChina successfully launches 2 satellites for close ally PakistanAsia rallies on US jobs relief, pound pinched by politicsRussia raises tariffs on some US goods: ministryRBI cancels licence of Alwar Urban Co-operative BankBanks working closely with UK agencies to recover maximum dues from Mallya: SBI MDPunjab, Israel agree to explore tech transfer on water conservation, security frontsGold, silver spurt on fresh buyingSensex rises 83 pts in see-saw tradeSC asks Justice Dhingra panel to auction Unitech's properties in UP, TNGold prices turn soft on global cuesGovernment working on strategy to boost exportsChina welcomes Air India's decision to change Taiwan's name on its websiteLeaders, researchers discuss issues topical to modern South Asia at OUP conclaveKumaraswamy announces Rs 34,000 crore farm loan waiver schemeCarmaker Jaguar says 'bad Brexit' would mean it could not stay in UKAirbus CEO worried US trade dispute escalation could impact air trafficEnsure equitable credit to minorities in 121 districts: RBI to banksTata-Mistry case: NCLT order deferred to July 9Chinese tariffs on U.S. goods take effect from midnight Beijing time July 6Gold climbs Rs 210 on global cues, jewellers' buyingAsian shares slip on trade war anxiety, yuan steadiesAir India's Mumbai building to be sold to JNPT: GadkariED to seek fugitive tag for Choksi after court takes cognisance of chargesheetTata Metaliks works on growth strategySensex sheds 159 pts on weak global cues, profit-bookingGovt has done what it had to with 'utmost sincerity' for Air India: PMAsian economies discuss trade pact amid rising protectionism'Petro products under GST if revenue collections at 1 lakh cr'4th tranche of electoral bonds sale from July 2: FinMinIRDAI permits LIC to pick up to 51% stake in debt ridden IDBI BankTata Steel opens facility in J'khand to upcycle junked shoesIDBI Bank says 'no discussion' on Rs 13,000-cr capital infusion by LICSensex soars 386 pts as July F&O series opens strongStrong action to be taken against illicit Swiss deposits, says FMGold falls Rs 170 on global weakness, easing local demandIMF suggests India three steps to sustain high growth ratePakistani money in Swiss banks down but remains above Indian fundsSensex sheds 179 points on weak rupee, F&O expiry'Stay 100 per cent in US, we won't forget': Trump warns Harley DavidsonGold recovers Rs 80 on jewellers' buying, weak rupeeAllBank hopes to come out of PCA in 2020Gold shines, silver rebounds on firm global cuesPNB scam: Accused challenges PMLA court's jurisdiction, seeks case transfer to CBI courtSensex tanks 273 pts on macro concernsAmbassadors seek investment opportunities in RajasthanAnant Barua appointed whole-time member in SEBI'Mutual Fund sector likely to see double-digit growth in FY19'Mumbai is India's most expensive city for expatriatesState-run banks hopeful of getting out of RBI's watchlist by 2020Sindhudurg to get 184 more mobile towers, broadband in all panchayatsI've become poster boy of bank default: Vijay MallyaGST in 'smooth phase', return simplification high on agenda: AdhiaS Ramesh appointed chairman of CBICIndia offers huge opportunity for US energy sector: PerrySwaraj holds talks with UAE FM; leaders vow to consolidate tiesGold rises on jewellers' buying, silver fallsCooperatives need of the hour for social harmony: NaiduEurope's banks, autos stocks sink as trade dispute deepensIndian Navy's 2 ships reach Indonesia for strong maritime cooperationIndia summons Pak deputy envoy, lodges protest on denying envoy visit GurdwaraDubai-Mumbai busiest international route, courtesy migrant workersIndia, Cuba agree to enhance cooperation in biotechnology, renewable energyForex reserves decline by USD 3.03 bn to USD 410.07 bnAirbus warns could leave UK if no Brexit dealOil rises ahead of OPEC meeting while trade disputes loom over marketsOil rises ahead of OPEC meeting while trade disputes loom over marketsमल्ल्याची 12,500 कोटींची मालमत्ता जप्त होणारED seeks fugitive offender tag for Mallya in first case under new legislationPM seeks double-digit GDP growth, raising India's share in world tradeLargest US banks would survive recession: US FedChina disrupting global steel market: USSensex drops 115 pts on profit-booking; RIL scales new highGlobal shares edge up, China pulls Asia down, oil subdued pre-OPECNiti Aayog's June 22 meeting in Srinagar postponedTaj group acquires Lutyen's Delhi hotel in NDMC auctionSubramanian's resignation no surprise; experts fed up by financial anarchy: Cong'Connectivity offers game-changing opportunity for India, Bangladesh'China, Nepal ink 8 pacts in major infrastructure projectsChief Economic Advisor Arvind Subramanian To Return To US: Arun JaitleyRupee recovers from 1-month low, up 32 paise against US dollarभारत-22 ईटीएफला गुंतवणूकदारांचा भरघोस प्रतिसादRupee recovers from 1-month low, up 32 paise against US dollarSAIL supplies 60,000 tonnes steel for railway project in ManipurPublic money extremely safe in PSU banks, says GoyalMaharashtra explores new tech to reduce Mumbai-Pune trip to 25 minsOutrage as UK excludes India from relaxed student visa rulesChina state media attack U.S. tariffs, leave scope for negotiationIndian-American indicted for multi-million dollar fraud scheme in USUK to ease visa cap blocking Indian doctorsGold falls on muted demand;silver up on increased offtakeWant to make Mumbai fintech hub: Maharashtra CM FadnavisSensex falls 126 pts as Fed hikes rateSensex falls 126 pts as Fed hikes rateSensex jumps 185 points in early tradeIndia, US agree to hold comprehensive talks to address trade issuesRupee reverses gains ahead of key macro data, down 7 paiseBitcoin at 2-month low after South Korean exchange hackedGold stays weak on global cues, low demandRBI Guv appears before Par panel; assures steps to strengthen banking systemGovt mulls raising pension limit to up to Rs 10,000/month under APYAircel-Maxis: P Chidambaram appears before ED for second timeRupee recuperates 8 paise to 67.42 a dollarTrump accuses India of charging 100 per cent tariff on some importsSBI expects Rs 30,000cr recovery from resolution under IBCIndia, Russia can jointly work in 3rd countries in nuclear energy field: India's envoyFocus should be resolution, not liquidation: Insolvency and Bankruptcy Board of IndiaGold tops Rs 32,000 on jewellers' buying, firm global cuesIndia showed global leadership : UN Environment chiefIBC amendments to eliminate 'fly by night' real estate developersSensex snaps 2-day rally on profit-bookingForex reserves decline $594 mn to $412.23 bnBengal proposes expensive UG mining for Deocha Pachami blockImportant for India to address banking crisis to support investment, inclusive growth agenda: IMFShort-term subsidised crop loan to be under DBT mode: RBIBanks rises loan ratesFDI into India decreased to USD 40 bn last year from USD 44 bn in 2016: UN reportLook what Experts across the industry, thinks about RBI policyRBI announces hike in limits for cheaper loan for affordable housingGovt promulgates IBC ordinance; home buyers to be treated as financial creditorsChina denies cancellation of Nepal hydro project deal with Chinese firmHighlights of RBI monetary policyQatar Airways will soon apply for launch of an Indian airlineRupee turns weaker ahead of RBI policy outcomeEdible oils ease on lower demandIndia to go ahead with S-400 deal with Russia notwithstanding US sanctionsरिलायन्स जिओची नवी तयारी, "आर्टिफिशियल इंटेलिजन्स"...Hind Copper aims Rs 2000cr revenue in FY'19Cloud computing helping Indian small and medium business in a big wayBRICS nations say they oppose 'new wave of protectionism'Govt likely to announce Rs 7,000cr bailout package to sugar mills as cane arrears mountBengal for more silk production in FY-19Impact of global fuel prices on aviationIran oil exports highest since nuclear deal at 2.7 million bpdUber's "business is finished" in Turkey, Erdogan saysIndustrial oils gain in lacklustre tradeEU joins global battle against Trump tariff onslaughtMaharashtra government unveils 'sandbox' to aid startupsAuctioning of Taj Mahal hotel; Tata group firm withdraws plea from SCBajaj Allianz Life Insurance declares one-time Special Bonus for its policyholdersU.S. job growth seen picking up, wage growth likely moderateChina to slash import tariffs on many consumer products by 60 pct from July 1CBI books officials of ONGC in Rs 80-cr scam caseGovt keeps FY19 GDP growth estimate unchanged at 7.5%Eight infra sectors record 4.7% growth in AprCyber attacks among key security challenges facing IndiaTrump wants to push German carmakers out of U.S."Keep it short", that's the mantra for PortfolioRajanikant blames anti social elemnets for violence during anti-Sterlite protestsDL-COURTS-LDALL CHIDAMBARAMRolls-Royce says tripling capacity to fix Trent 1000 engine problemsAirAsia shares hit as India probes FernandesBanking services impacted as PSU staff goes on 2-day strikeStar Health Insurance revises Star Cardiac Care Insurance Policy with reduced premium ratesMax Life Insurance Records a Growth of 31%New CMD says CIL aims to be world's most-efficient coal minerChina's May manufacturing growth seen dipping only marginallyGujarat Alkalizes Achieves Highest Ever Performances on Sales TurnoverOil sinks while stocks gain on North Korea, euro shaken by ItalyIndian start-ups have potential to be world-class organisations: Rishad PremjiAll 7 ITR forms released for e-filing: IT dept2G case a shame to nation: CBI tells HC challenging acquittalsOil prices fall as Russia floats gradual production increaseWhy Short Term Debt Funds Are Useful To YouYES BANK empanelled as ‘Settlement Bank’ by National Stock ExchangeFather-son duo arrested for Rs 28 cr GST evasionQ4 results of Larsen & Toubro InfotechMutual Fund Reforms by SEBI: Recategorization of Mutual Fund schemesSensex recoups 153 pts on global cuesCabinet clears amendments to bankruptcy codePetrol, diesel prices highest in MaharashtraAsian shares pressured as Trump tempers Sino-US trade optimismOil dips as market eyes possible easing of OPEC supply curbsYour key financial resolutions for year 2018SBI performance: An overviewYES BANK recovers INR 184 Crores pursuant to acquisition of Bhushan Steel Limited by Tata Steel LimitedIndostar Capital Finance Lists At 5% Premium Over Issue PriceGovt may not sell Air India if it does not get adequate pricing: Aviation secyWEATHER SUMMARYENERGY-VENEZUELA OIL PRICESPersonal Finance One of The Most Ignored Area By IndiansBird's Eye View On Mutual Funds In IndiaBenefits of investing through SIPRetail investor takes the charge; mutual fund inflow Rs 12,400 crore in AprilWhat is mutual fund?Things to consider while choosing right mutual fundAsset allocation tips for youngsters

Aadhar Housing Finance Limited NCD Issue to open on September 14, 2018

By Sakal Money | Mumbai | Nov. 17, 2018 | Personal Finance

Mumbai: Aadhar Housing Finance Limited (the “Company”), a deposit taking housing finance company registered with the NHB and focused on providing affordable housing financing products for the EWS and LIG segment in India, in tier 2 to tier 4 cities and towns, proposes to open public issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of face value of Rs. 1,000 on September 14, 2018, 1,40,00,000 for an amount of Rs. 50,000 lakhs (“Base Issue Size”) with an option to retain oversubscription up to Rs. 90,000 lakhs aggregating up to Rs. 1,40,000 lakhs (“Tranche 1 Issue Limit”) (“Tranche 1 Issue”).

 

The Issue is scheduled to close on September 28, 2018 with an option of early closure or extension as decided by the Board of Directors of the Company (“Board”) or the Working Committee.

 

Ratings by CARE Ratings & Brickwork Ratings India: Outlook: Stable

The NCDs proposed to be issued under this Issue have been rated ‘CARE AA+ (SO) ((Pronounced as CARE Double A Plus Structured Obligation); Outlook: Stable)’ for an amount of `3,00,000 lakhs, by CARE Ratings Limited (“CARE”) and ‘BWR AA+ (SO) (Pronounced as BWR Doub le A Plus (Structured Obligation)), Outlook: Stable (for an amount of `3,00,000 lakhs, by Brickwork Ratings India Private Limited (“Brickwork”) The rating of CARE AA+ (SO); Outlook: Stable by CARE and BWR AA+ (SO), Outlook: Stable by Brickwork indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

 

Allotment is on a first-come-first-serve basis.

 

Issue Structure:

Tenure 3 years (Category I, II, III and IV)

Series I: Frequency of Interest Payment “NA”. Coupon Rate: “NA”. Effective Yield: 9.60%.

Series II: Frequency of Interest Payment Annual. Coupon Rate: 9.60%. Effective Yield: 9.59%.

 

Tenure 5 years (Category I, II, III and IV)

Series III: Frequency of Interest Payment Monthly. Coupon Rate: 9.25%. Effective Yield: 9.65%.

Series IV: Frequency of Interest Payment Annual. Coupon Rate: 9.65%. Effective Yield: 9.64%.

 

Tenure 10 years (Category I, II, III and IV)

Series V: Frequency of Interest Payment Monthly. Coupon Rate: 9.35%. Effective Yield: 9.75%.

Series VI: Frequency of Interest Payment Annual. Coupon Rate: 9.75%. Effective Yield: 9.74%.

 

[Category IV] Investors (Retail Individual Investors) are defined as Resident Indian Individuals and Hindu Undivided Families through the Karta applying for an amount aggregating up to and including Rs. 10,00,000 across all options of NCDs in the Tranche I Issue.

 

At least 75% of the net proceeds of the Public Issue of NCDs will be used for the For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company. A maximum of up to 25% will be used for general corporate purposes.

 

The NCDs offered through the Shelf Prospectus and the Tranche I Prospectus are proposed to be listed on BSE Limited (“BSE”). BSE Is the Designated Stock Exchange.

 

The Lead Managers to the Issue are YES Securities (India) Limited, Edelweiss Financial Services Limited, YES Bank Limited, Axis Bank Limited, A. K. Capital Services Limited, Green Bridge Capital Advisory Private Limited and Trust Investment Advisors Private Limited.

COMMENTS
No Comments Found