SREI Equipment Finance Ltd is coming out with its public issue of Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each aggregating to a total of upto Rs. 250 Cr with an option to retain oversubscription upto 250 Cr aggregating to a total of up to Rs 500 Cr.
The Issue is open for subscription on 9th April 2015 and closes on 30 April 2015.
[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
- Advertisement -
NCD Issue Highlights -SREI Equipment Finance Ltd
Specific Term of Issue[ws_table id=”689″]
Senior Citizens : Investor in the proposed NCD who fall under Category III and who are senior citizens on the Deemed Date of Allotment shall be eligible for additional coupon of 0.25% p.a. provided the proposed NCDs are held by the investors on the relevant record date applicable for payment of respective coupon and /or redemption of NCDs across all series.
- Subject to Applicable Tax deducted at source (TDS)
- Series I, IV and VII NCDs would be allotted compulsorily in dematerialized form to all category of Investor.
- NRI’s are not Allowed to Invest
Cheque Details :
Cheque / DD should be drawn in favour of
” SEFL -NCD 1 Public Issue Escrow Account”
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
SREI Equipment Finance , one of the leading Non Banking financing companies in the organized equipment financing sector in India with a principal focus on financing infrastructure equipment.
SREI Equipment Finance, provide financial products and services to companies operating in the construction, mining, technology and solutions, healthcare ports and railways, oil and gas, agriculture and transportation sector. Their financial products and services comprise loans, leases, rentals and fee base services
The funds raised through this issue will be utilised by the company for various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure, working capital requirement and other general corporate purposes.
SREI Equipment Finance Ltd Range of financial products for Construction & Mining, Technology and Healthcare equipment including:
- Loans for new equipment
- Loans against existing equipment
- Loans for procuring used equipment
- Operating leases for equipment, with both fixed and open residual values
- Loans and leases for imported equipment and cross border transactions
[wptabtitle] Subscription[/wptabtitle] [wptabcontent]