September 9, 2011

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


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