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