• Sakthi Finance Limited NCD Details Written by Abhishek Sharma

    Sakthi Finance Limited NCD period from March 13 to April 9, 2020:

    The Sakthi Finance Limited fused in 1955. It was a RBI enlisted store taking NBFC and furthermore associated with the vehicle financing area. The organization engaged with the vehicle business, for example, dairy, auto parts, co-age, mechanical liquor, sugar, car dissemination. The organization presented another Non-Convertible Debentures fund. The NCD time frame began on thirteenth Mar and it will end on ninth Apr 2020.

    NCD Details:

    Offer Period March 13 to April 9, 2020

    Security Name Sakthi Finance Ltd

    Security Type Secured, Redeemable, Non-Convertible Debentures and Unsecured Subordinated Non-Convertible Debentures

    Issue Size (Base) Rs 100 Cr

    Issue Size (Shelf) Rs 200 Cr

    Issue Price Rs 1000 Per NCD

    Face Value Rs 1000 Each NCD

    Least Lot Size 10 NCD

    Market Lot 1 NCD

    Posting At BSE

    Credit Rating ICRA BBB/Stable

    Tenor 24, 39, 49, 62 months

    Series I to XI

    Installment Frequency Annual, Cumulative, and Monthly

    Sakthi Finance Ltd has wanted to raise a base size of Rs 100 cr. The financial specialist needs to contribute at least 10 bonds and in products of 1 NCD bond. The Face estimation of the plan is Rs 1000 for every NCD bond. It offers diverse loan costs and residencies of two years, 39 months, 49 months, and 62 months. The NCD is accessible in 11 arrangement.

    Sakthi Finance Limited NCD Coupon Rates:

    Arrangement Frequency Tenor Coupon Rate Maturity Amount

    I Monthly 24 Months 9.50% Rs 1,000

    II Cumulative 24 Months NA Rs 1,207

    III Monthly 39 Months 9.75% Rs 1,000

    IV Annually 39 Months 9.75% Rs 1,000

    V Cumulative 39 Months NA Rs 1,368

    VI Monthly 49 Months 10% Rs 1,000

    VII Annually 49 Months 10% Rs 1,000

    VIII Cumulative 49 Months NA Rs 1,497

    IX Monthly 62 Months 10.25% Rs 1,000

    X Annually 62 Months 10.25% Rs 1,000

    XI Cumulative 62 Months NA Rs 1,687

    The distributed every one of 50,000 NCD’s for QIBs and NIIs, likewise, 900,000 NCD’s for HNIswith all out NCD’s of 1,000,000. The ICRA Rating Agency evaluated as BBB/Stable. It will be recorded on the Bombay Stock Exchange (BSE).

    Disclaimer: This article gives data about the plan. It doesn’t offer any guidance or suggestion. If you don’t mind counsel your money related guide before contributing.

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