India Infoline Finance Limited to launch a Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) up to Rs 10,500 million on September 17, 2013
India Infoline Finance Limited to launch a Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) up to Rs 10,500 million on September 17, 2013 India Infoline Finance Limited (“Company” or “Issuer”), an NBFC subsidiary of India Infoline Limited, will launch a Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs 1,000 each (“NCDs”) aggregating up to Rs 5,250 million (“Base Issue Size”), with an option to retain oversubscription up to Rs 5,250 million, aggregating to a total upto Rs 10,500 million (the “Over all Issue Size”), on September 17, 2013 . The NCDs have an option of monthly and annual interest payment and the yield works out to 12.68% p.a. for the monthly interest option and 12%p.a. for the annual interest option. The face value of NCD is Rs. 1,000 and minimum application is Rs. 5,000 (5 NCDs). The NCDs have an investment horizon of 3 years and 5 years. The issue closes on October 4, 2013 . Mr R Venkataraman ...