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Shriram Transport Finance Company has said that it intends to raise Rs 250 crore by issuing non-convertible debentures (NCD) of face value of Rs 1,000 each.
The minimum amount that a retail investor, for whom 80 per cent of the total investment is reserved, should invest is Rs 10,000 for ten non-convertible debentures.
The issue will open on October 7 and is expected to close on October 21.
The NCDs have a yield of 11.25 per cent for a tenure of three years, 11.5 per cent for five years and 11.75 per cent for a tenure of seven years for retail investors.
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