Comments
Shriram City Union Finance has announced the issue of secured redeemable non-convertible debentures (NCDs).
The base issue size is ₹100 crore, with an option to retain oversubscription to the extent of ₹900 crore. The issue, with an interest rate of 9.85 per cent annually, opened on August 21 and will close on September 19, with an option of early closure or extension.
The NCDs carry a face value of ₹1,000 each, and the minimum investment amount is ₹10,000 with tenors of two, three and five years.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.