Shriram Transport Finance Non Convertible Debentures (NCD) : Invest

Shriram Transport Finance Company Limited ("STFC") is offering with public issue of Secured Non-Convertible Debentures, ("NCDs").

shriram

Issue Period : July 27, 2009 till August 14, 2009

Yield : Upto 11.50% p.a.

Rating ; 'AA (ind)' by Fitch and 'CARE AA+' by CARE.

Minimum Application : Rs.10,000/- (10 NCD's)

Senior Citizens shall be entitled to an additional interest at the rate of 0.25% per annum on Option I & II

Issue Size
The size of the issue is Rs. 500 crores with an option to retain over subscription of up to Rs. 500 crores for issuance of additional NCDs ('Issue')

  • No income tax is deductible at source as per the provisions of Section 193 of the IT Act on interest on debentures issued by a company in a dematerialised form listed on recognised stock exchange in India
  • The NCDs will be issued in Demat mode only

We advice you to invest this issue as the interest offered is optimum considering the risk and company profile. 

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