Shriram City Union Finance is all set to raise Rs 200 crore from a public issue of secured Redeemable Non-Convertible Debentures (NCD) of face value of Rs 1,000 each. The issue will open on April 16, 2014 and the lead managers are ICICI Securities and A K Capital Services. The fund raising is up to Rs 100 crore with an option to retain oversubscription up to Rs 100 crore for issuance of additional NCDs aggregating to a total of up to Rs 200 crore.
An NCD (Non Convertible debenture) is a debt instrument with a fixed tenure that pays interest monthly, quarterly, annually or at the end of the tenure. The money invested is returned either over the tenure of the investment or at the end of the tenure. These are certificates issued by companies to raise funds through the public issue and cannot be converted into equity shares.
Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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