Personal Finance Blog India –

NCD Issue: Religare Finvest Ltd

Recent Updates:

NCD Issue of religare has subscribed completely.Last date modified is now 13th sept 2011 till bank closing hours.

Religare finvest Ltd:

Religare Finvest Ltd was earlier known as Skylark securities pvt ltd till April 2006.Subsequently its name was changed to Religare Finvest Ltd on 4 April 2006.

It is a systematically important Non-deposit taking NBFC,focusing on small and medium enterprises (sme) financing and retail capital market financing.

It has come up with issue of non-convertible,secured  debenture issues(NCDs) which has opened on 5th sept and will be closed on 26th Sept 2011.

Salient Features:

  1. Interest rate in the range of 12-12.50% based on option choosed.
  2. Higher interest rates for individuals applying upto Rs. 5 Lac.
  3. NCDs are alloted on first come first served basis.
  4. NCDs will be alloted in demat mode only.
  5. Face value per NCD: Rs.1000.
  6. Minimum application amount: Rs.5000/-.

Interest Rates:

Option I II
Tenor 60 Months 36 Months
Interest rate for individuals 12.50% 12.25%
Interest Frequency Annual Annual

Credit Ratings:

ICRA AA- and CARE AA-. Both indicates low credit risk to instrument.

Investors who want some good annual income with a little risk can think of to invest in this issue.

Category: Fixed Income


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