Public issue of Secured Redeemable Non-Convertible Debentures and Unsecured Subordinated Redeemable Non-Convertible Debentures of Srei Infrastructure Finance Ltd. which is opening on February 09, 2018 and will close on March 07, 2018.
The salient features of the Issue are as follows:
- NCDs have Tenure of 400 Days, 3 Years, 5 Years and 10 Years
- Annualized Yield Upto 9.50% p.a.
- 0.25% p.a. Additional Incentive for Existing NCD Holders, Shareholders, Senior Citizens and Employees of Srei Group
- Credit Rating of "BWR AA+" (BWR AA Plus) by Brickwork Ratings
- Monthly, Annual and Cumulative Interest Payment Options Available in Demat Mode and Annual Interest Payment option in Physical mode for Category III Investors except 400 days Interest Payment
- Interest option: Monthly, Annual and Cumulative
- The NCDs are Proposed to be Listed on BSE Ltd and NSE
- NCDs can be traded in NSE & BSE from first day of listing (No Locking)
- NCDs will be Allotted on First Cum First Serve Basis
- Minimum Application Amount of Rs. 10,000/- (10 NCDs)
- No Tax Deducted at Source (TDS) in case of application through Demat Mode
- For successful Non-ASBA Investors, an interest of 7.00% per annum will be provided on the Application Money till the Date of Allotment
We are sure this is an excellent opportunity for investors. In case you require any clarification/requirement, please feel free to call. For any assistance in getting clarity on above product please dial us @ +91-9910009312 / +91-9250688257