September 9, 2011 by akhilendra
Religare Finvest LTD – NCDS
Religare Finvest LTD – NCDS-COMPANY PROFILE:
- Religare Finvest Ltd (RFL) was incorporated as a private limited company called Skylark Securities Private Limited on January 6, 1995. Subsequently its name was changed to “Religare Finvest Limited” vide a fresh certificate of incorporation dated April 4, 2006.
- RFL is a systemically important non-deposit accepting non-banking finance company (NBFC), focusing on small and medium enterprises (SME) financing and retail capital market financing.
Religare Finvest LTD – NCDS ISSUE SALIENT FEATURES :
- Interest rate range from 12.00% to 12.50% depending on the series applied for (Option I & Option II)
- Higher interest rates for individuals applying up to Rs. 500,000
- Credit Ratings of “ICRA AA- (Stable)” and “CARE AA-“
- Non-convertible debentures (NCDs) are allotted on a first-come-first-serve basis
- NCDs are allotted on demat mode only
- NCDs have two series of options: 60 months and 36 months
Religare Finvest LTD – NCDS ISSUE INVESTMENT OPTIONS
| Options | | | || |
| Minimum Application | Rs10,000 (10 NCDs; for all options of NCDs, namely Options I and II either taken individually or collectively). | |
| Face Value/Issue Price | Rs. 1,000 (1 NCD) | |
| In Multiples Of | Rs. 1,000 (1 NCD) | |
| Interest Rate (%) per annum | ||
| 1) For NCD holders in Category I | 12.10% | 12.00% |
| 2) For NCD holders in the Non-Institutional Portion (Category II) | 12.25% | 12.15% |
| 3) For NCD holders in the Reserved Individual Portion (Category III) | 12.50% | 12.25% |
| Yield on Maturity (%) (per annum) | ||
| 1) For NCD holders in Category I | 12.10% | 12.00% |
| 2) For NCD holders in the Non-Institutional Portion (Category II) | 12.25% | 12.15% |
| 3) For NCD holders in the Reserved Individual Portion (Category III) | 12.50% | 12.25% |
| Listing | BSE | BSE |
| Frequency of Interest Payment | Annual | Annual |
| Redemption Amount (Rs/NCD) | Repayment of the face value plus any interest that may have accrued on the redemption date. | Repayment of the face value plus any interest that may have accrued on the redemption date. |
| Tenor | 60 months | 36 months |
| An Applicant is allowed to make one or more applications for the NCDs for the same or the other series of NCDs, subject to a minimum application size of Rs10,000 and in multiples of Rs1,000 thereafter, for each application. For the purposes of allotment of NCDs under the Issue, applications shall be grouped based on the PAN; applications under the same PAN shall be grouped together and treated as one application. Two or more applications will be deemed to be multiple applications if the sole or first applicant is one and the same. For the sake of clarity, two or more applications shall be deemed to be a multiple application for the aforesaid purpose if the PAN number of the sole or the first applicant is one and the same. | |
| Applicant Category I |
|
| Applicant Category II |
|
| Applicant Category III | The following persons/entities
|
facebook.com/profile.php?id=100003406036409">Jerson - May 26, 2012 @ 10:27 am
The research was all done by Asian Trends Monitoring, but thank you for the copmnimelt anyway. It’s hard to tell a government that non-communicable diseases must become a priority when there is as much, if not more danger from communicable diseases because the danger by communicable diseases is short term and acute; whereas the danger from NCDs while still acute is something that is probably viewed as being a problem in the far-off political future.