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Shriram City Union Finance gains on plan to raise Rs 200 crore via NCD issue

15 Apr 2014 Evaluate

Shriram City Union Finance is currently trading at Rs. 1215.00, up by 12.50 points or 1.04% from its previous closing of Rs. 1202.50 on the BSE.

The scrip opened at Rs. 1215.00 and has touched a high and low of Rs. 1215.00 and Rs. 1215.00 respectively. So far 4 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1248.80 on 03-Apr-2014 and a 52 week low of Rs. 850.05 on 08-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1220.00 and Rs. 1200.00 respectively. The current market cap of the company is Rs. 0.00 crore.

The promoters holding in the company stood at 37.57% while Institutions and Non-Institutions held 28.71% and 33.73% respectively.

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.

Shriram City Union Share Price

1923.55 0.00 (0.00%)
28-Nov-2022 18:01 View Price Chart
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