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    HomeNewsBusinessMarketsShriram City files draft prospectus for NCD issue

    Shriram City files draft prospectus for NCD issue

    Shriram City Union Finance a Shriram group company has filed the Draft Prospectus for a public issue of NCDs aggregating upto Rs 10,000 lakhs with an option to retain over-subscription upto Rs 10,000 lakhs for issuance of additional NCDs, aggregating to a total of upto Rs 20,000 lakhs.

    November 09, 2013 / 18:12 IST
       
       
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      Shriram City Union Finance has filed the draft prospectus for a public issue of NCDs aggregating upto Rs 10,000 lakhs with an option to retain over-subscription upto Rs 10,000 lakhs for issuance of additional NCDs, aggregating to a total of upto Rs 20,000 lakhs. The funds raised through this Issue will be utilised for various financing, lending, investments, repaying company's existing liabilities or loans, towards business operations, capital expenditure, working capital requirements and general corporate purposes.


      The NCDs offered through this Draft Prospectus are proposed to be listed on the BSE and the National Stock Exchange of India (NSE). The face value of Secured Redeemable NCDs and Unsecured Redeemable NCDs has fixed at Rs 1000 / NCD.


      Shriram City Union Finance is a deposit-taking NBFC with multiple product lines, including loans to the small enterprise finance segment; loans against gold; financing for two wheelers, appliances and other commercial goods.


      Also Read: Muthoot Finance files draft prospectus for NCD issue


      The NCDs proposed to be issued under the Issue have been rated 'CARE AA' by CARE for an amount of upto Rs 20, 000 lakhs.

      ICICI Securities Limited as a lead manager, Shriram Insight Share Brokers Limited as a registrar and GDA Trusteeship Limited has appointed as
      Debenture Trustee to the issue.

      Read More Read More

      first published: Nov 9, 2013 06:12 pm

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