India Infoline Finance Ltd NCD
India Info line Finance Ltd is coming up with non convertible debentures. The issue period starts from 17th Sept, 2013 & ends on 4th Oct, 2013. The issue size is 525cr with a green shoe option of another 525cr which means India infoline can take 1050cr by issuing these NCD's. The minimum investment is Rs. 5000 where you will get 5 NCD of Rs. 1000 each. ICRA rating for India Infoline NCD is AA which means company is relatively stable.
Who can apply
- Institutional - 40%
- Non Institutional - 10%
- Unreserved Individual - 10%
- Reserved individual - 40%
Interest Info
India Infoline is giving these NCD for 36 & 60 months. 12% interest on yearly & monthly mode is given to the holder of the NCD's. The net yield in monthly interest comes to 12.68.
Recommendation
I would recommend all of you to invest atleast 10% of your entire investment inIndia Infoline Finance Ltd NCD's as the company is safe and interest given by the company is good.
No comments:
Post a Comment