RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking)

Size: px
Start display at page:

Download "RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking)"

Transcription

1 RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS The income by way of interest on these Bonds is exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of IT Act. There will be no deduction of tax at source from the interest, which accrues to the bondholders on these bonds irrespective of the amount of the interest or the status of the investors. Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, COMPANY PROFILE Notified as a Public Financial Institution under Section 4A of the Companies Act, 1956 Engaged in the financing and promotion of transmission, distribution and generation including renewable energy projects throughout India REC is one of only 16 Indian public sector undertakings to be granted Navratna status by the Department of Public Enterprise by virtue of its operational efficiency and financial strength Registered as a NBFC-ND-IFC (Infrastructure Finance Company) with Reserve Bank of India 66.80% shareholding held by Government of India as on 31 st December 2011 Consistently rated Excellent in terms of performance by GOI since Fiscal 1994 Rated AAA by CRISIL,CARE, ICRA & Fitch The standalone loan assets have grown at a CAGR of 27.16% from Rs. 31,262.2 Crores in Fiscal 2007 to Rs. 81,725.5 Crores in Fiscal 2011 As on September 30, 2011, standalone Networth and Total Assets stood at Rs 14, Crores and Rs. 93, Crores respectively Net Profit after Tax was Rs. 2, crores for the fiscal 2011 compared to Rs 2, crores for the fiscal 2010 on standalone basis.

2 SALIENT FEATURES OF THE PROPOSED TAX FREE BONDS The Company shall issue Bonds upto an aggregate amount of Rs 3,000 crores during the financial year as per CBDT notification issued by the MoF, GoI, by virtue of power conferred upon it under item (h) of sub clause (iv) of clause (15) of Section 10 of the Income Tax Act, 1961 Tax benefits u/s 10 (15) (iv) (h) of the Income Tax Act, 1961 interest on these Bonds shall not form part of Total Income. Credit Ratings of CRISIL AAA/Stable by CRISIL, CARE AAA by CARE, [ICRA] AAA by ICRA & Fitch AAA (Ind)by FITCH indicating Highest Degree of Safety in terms of timely servicing of financial obligations. Bonds to be allotted on first-cum-first serve basis up to the limit reserved for each category of investors. (Please refer to page number of the prospectus for the details) Bonds to be issued allotted & traded in dematerialized form only. Bonds are proposed to be listed on the BSE Limited Strengths REC s financial position is strong and the business is profitable As on September 30, 2011, REC had a net worth of Rs. 14, Crores as per its standalone financial statement and annualized return on net worth for the six months ended September 30, 2011 was 19.15%. Further with company s ability to raise funds at competitive costs (8.03% as on September ) and with a diversified loan asset portfolio, the Net Interest Margins increased from 3.13% in Fiscal 2007 to 4.42% for the six months ended September 30, The company has operated its financing business profitably for fifteen consecutive years. Uniquely positioned to access and appraise borrowers in the Indian power sector REC has been involved in Indian power sector finance since 1969 and was the first financial institution to exclusively focus on financing the Indian power sector. With a network of 18 project offices spread across India, REC plays a critical role in the development of relationship with its clients, operation and promotion of its business and loan appraisal, loan sanctioning and post sanction monitoring processes. Occupies a key strategic position in the GoI's plans for growth of the power sector REC is one of the limited numbers of government-owned companies that focus exclusively on financing the development of the power sector in India. The company has consistently benefited from the GoI's power infrastructure plans since 1969 and the GoI has ensured REC s mandate has evolved in accordance with the development priorities. Experienced management team with sector expertise The company is managed by a team of highly experienced and qualified professionals. REC s key managerial personnel have an established track record in managing public financial institutions in India and bear a considerable knowledge of the power sector in India with most of its key managerial personnel are having over 30 years of relevant experience. Source: Prospectus (Dated March 2, 2012)

3 Issue Structure Issue Opening Date March 6, 2012 Issue Closing Date* March 12, The subscription list for the Issue shall remain open for subscription at the commencement of banking hours and close at the close of banking hours, with an option for early closure (subject to the Issue being open for a minimum of 3 days) or extension by such period, upto a period of 15 days from the date of opening of the Issue, as may be decided by the Board of Directors or a duly constituted Bond Committee thereof. In the event of such early closure of the subscription list of the Issue, our Company shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in a leading national daily newspaper. Further, Allotment shall be on first come first serve basis, with Issuer Company having the discretion to close the Issue early irrespective of whether any of the Portion(s) are fully subscribed. Instrument Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures Mode of Allotment^ Only in Dematerialised Form Trading Issue Size Credit Rating Tenor/Redemption Date Lead Managers to the Issue Consortium Members for marketing of the Issue Trustee for the Bondholders Depositories Proposed to be listed on Interest on Application Money used towards allotment of bonds Interest on Application Money which is liable to be refunded *The Issue shall remain open for subscription during banking hours for the period indicated above ^ The Bonds will not be allotted in physical form. Compulsorily in dematerialized form Rs 1500 Crore with an option to retain oversubscription upto an aggregate amount of Rs 3000 Crore CRISIL AAA/Stable by CRISIL, CARE AAA by CARE, [ICRA] AAA by ICRA & Fitch AAA (Ind)by FITCH 10 Years and 15 Years from the deemed date of allotment A. K. Capital Services Limited, SBI Capital Markets Limited, RR Investors Capital Services Private Limited and Kotak Mahindra Capital Company Limited A. K. Capital Services Limited, A.K.Stockmart Private Limited, SBI Capital Markets Limited, Kotak Mahindra Capital Company Limited, RR Investors Capital Services Private Limited, SBICAP Securities Limited, Kotak Securities Limited and R R Equity Brokers Private Limited IL & FS Trust Company Ltd. CDSL & NSDL BSE Interest on application money on the amount allotted, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, as applicable, to any applicants to whom Bonds are allotted pursuant to the Issue from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date of banking of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rate of 7.93% p.a. and 8.12% p.a. on Bond Series 1 and Bond Series 2 respectively for allottees under Category I and Category II Portion, and at the rate of 8.13% p.a. and 8.32% p.a. on Bond Series 1 and Bond Series 2 respectively for allottees under Category III Portion. Interest on application money which is liable to be refunded to the applicants in accordance with the provisions of the SEBI Debt Regulations, or other applicable statutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, as applicable, from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rate of 5% per annum. Such interest shall be paid along with the monies liable to be refunded. Interest warrant will be dispatched/credited (in case of electronic payment) along with the Letter(s) of Refund at the sole risk of the applicant, to the sole/first applicant.provided that, notwithstanding anything contained hereinabove, REC shall not be liable to pay any interest on monies liable to be refunded in case of (a) invalid applications or applications liable to be rejected, and/or (b) applications which are withdrawn by the applicant. Please refer to Rejection of Application at page 264 of this Prospectus.

4 Bond Particulars Options Bonds Series 1 Bonds Series 2 Tenor* Redemption Date Redemption Amount (Rs./Bond) Frequency of Interest Payment Minimum Application Size In Multiples of Face Value(Rs./Bond) Put/Call Option Coupon Rate for Category-I, II and III Applicants (% p.a.) Additional Coupon Rate for Category-III Applicants (% p.a.)*** Aggregate Coupon Rate for Category-III Applicants (% p.a.) 10 years 15 years At the end of 10th year from the Deemed Date of Allotment Repayment of the Face Value plus any interest that may have accrued at the Redemption Date Annual At the end of 15th year from the Deemed Date of Allotment Repayment of the Face Value plus any interest that may have accrued at the Redemption Date Annual 5 Bonds (Rs. 5,000) 5 Bonds (Rs. 5,000) 1 Bond 1 Bond Rs. 1,000 Rs. 1,000 None None 7.93% 8.12% 0.20% 0.20% 8.13% 8.32% * The Company shall allocate and allot Bond Series 2 bearing longest maturity to all valid applications, wherein the Applicants have not indicated their choice of the relevant Bond Series. *** An additional interest at the rate of 0.20% p.a. shall be payable to the allottees under Category III for the Bonds under both Bond Series 1 and Bond Series 2. Accordingly, the Bond Series 1 and Bond Series 2 allotted to Category III investors, shall carry an aggregate coupon rate of 8.13% p.a. and 8.32% p.a., respectively, payable annually from, and including, the Deemed Date of Allotment up to, but excluding their respective Maturity Dates, payable on the "Interest Payment Date", to the Bondholders as of the relevant Record Date. The effective yield to Category III investors would be 8.13% p.a. and 8.32% p.a. for the Bond Series 1 and Bond Series 2 respectively. Please note that the aforesaid additional interest of 0.20% p.a. shall only be available to the original allottees under Category III Portion under both Bond Series 1 and Bond Series 2. In case the Bonds held by the original allottees under Category III Portion are sold / transferred (except in case of transfer of Bonds to legal heir in the event of death of the original allottee), the coupon rate shall stand revised to the coupon rate applicable for allottees falling under Category I and Category II Portion.

5 Who can apply? Category-I (QIBs, Corporates & Others)* Category-II (High Networth Individuals applying above Rs. 5 Lakh) Category-III (Retail Individual Investors applying upto and including Rs. 5 Lakh) i.) QIB: Mutual Fund Resident Indian individuals Resident Indian individuals Public Financial Institution as defined in section 4A of the Companies Act, 1956 Hindu Undivided Families through the Karta Hindu Undivided Families through the Karta Scheduled Commercial Bank Multilateral and Bilateral Development Financial Institution State Industrial Development Corporation Insurance Company registered with the Insurance Regulatory and Development Authority Provident Fund with minimum corpus of twenty five crore rupees Pension Fund with minimum corpus of twenty five crore rupees National Investment Fund set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of the Government of India published in the Gazette of India Insurance Funds set up and managed by army, navy or air force of the Union of India Insurance Funds set up and managed by the Department of Posts, India ii) Regional Rural Banks and Co-operative Banks, eligible to invest in the Issue iii) Companies; bodies corporate and societies registered under the applicable laws in India and authorised to invest in the Bonds; iv) Public/private charitable/religious trusts which are authorised to invest in the Bonds; v) Scientific and/or industrial research organisations, which are authorised to invest in the Bonds; vi) Partnership firms in the name of the partners; vii) Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009) *Note: With respect to provisions of Sub Section 3 of Section 372A of The Companies Act, 1956, it may be noted that the Reserve Bank of India has vide its notification no. Ref.No.MPD.BC.352/ / dated February 13, 2012, increased the bank rate to 9.50 per cent per annum with effect from the close of business on February 13, Coupon rates on the Bonds have been determined in pursuance of CBDT Notification dated February 14, 2012, which provides that the rate of interest on Bonds shall not be less than fifty basis points lower than the yield on the Government Securities of equivalent residual maturity as reported by the Fixed Income Money Market and Derivative Association of India, as on the last working day of the month immediately preceding the month of the issue of the Bonds. Although the coupon rates offered on the Bonds are lower than the prevailing bank rate, it may be noted that since these are tax free bonds, the gross/ pre-tax yield to the investors may be higher, depending upon the applicable tax rates. Companies other than banking companies, insurance companies and other Companies as mentioned in clause (a) sub section 8 of Section 372A may however seek independent opinion from their legal counsel about their eligibility to make an application for the Bond

6 Applications cannot be made by: a) Minors without a guardian name; b) Foreign nationals; c) Persons resident outside India including NRIs; d) Overseas Corporate Bodies e) FIIs Basis of Allotment Category Size in % Size in Amount including option to retain oversubscription Category I 50% of Overall Issue Size Category II (Above Rs. 5 Lakh) 25% of Overall Issue Size Category III (Below & including Rs. 5 Lakh) 25% of Overall Issue Size Rs Crores Rs. 750 Crores Rs. 750 Crores Undersubscription: If there is any under subscription in any Portion, priority in allotments will be given in the following order: i. Category-III Portion ii. Category-II Portion iii. Category-I Portion On a first come first serve basis within each Portion. Oversubscription: In case of an oversubscription, allotments to the maximum extent, as possible, will be made on a first come first-serve basis and thereafter on proportionate basis, i.e. full allotment of Bonds to the applicants on a first come first basis up to the date falling 1 (one) day prior to the date of oversubscription and proportionate allotment of Bonds to the applicants on the date of oversubscription (based on the date of submission of each application to the Bankers to the Issue, in each Portion).

7 FINANCIAL HIGHLIGHTS (Standalone) As on/for the year (Rs. Crs) March 31,2007 March 31, 2008 March 31,2009 March 31, 2010 March 31,2011 Share Capital Reserve and Surplus Networth Secured Loans Unsecured Loans Net Block Current Assets, Loans & Advances Total Income Total Expenditure Profit Before Tax Net Profit After Tax Net Interest Margin 3.13% 3.69% 3.96% 4.32% 4.48% Net NPA % to loan outstanding 1.85% 0.61% 0.04% 0.003% 0.002% Capital Adequacy ratio (%) 12.35% 13.26% 11.60% 16.05% 19.09%

8 DISCLAIMER: * For the purpose of information only, invest only after referring to the final prospectus. This document has been prepared based on Final Prospectus and is for informational purpose only. Invest only after referring to final prospectus. It is meant for the recipient for use as intended and not for circulation. This document should not be reported or copied or made available to others. The information contained herein is from the public domain or sources believed to be reliable. While reasonable care has been taken to ensure that information given is at the time believed to be fair and correct and opinions based thereupon are reasonable, due to the very nature of research it cannot be warranted or represented that it is accurate or complete and it should not be relied upon as such. We do not guarantee the accuracy, adequacy or completeness of any Data in the Report and is not responsible for any errors or omissions or for the results obtained from the use of such Data. The company and its employees will not in any way be responsible for the contents of this report. The securities discussed in this report may not be suitable for all investors. Investors must make their own investment decision based on their own investment objectives, goals and financial position and based on their own analysis. The company states that it has no financial liability whatsoever towards any investments based on this research report. Sharekhan Ltd: BSE Cash-INB ; F&O-INF ; NSE INB/INF ; CD - INE ; MCX Stock Exchange: CD - INE ; United Stock Exchange: CD - INE ; DP: NSDL-IN-DP-NSDL ; CDSL-IN-DP- CDSL ; PMS INP ; Mutual Fund: ARN Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080; (MCX/TCM/CORP/0425); NCDEX ; (NCDEX/TCM/CORP/0142); National Spot Exchange Ltd: 12790; for any complaints at igc@sharekhan.com. Sharekhan Disclaimer: Sharekhan Ltd is engaged as a distributor of IPOs/ Bonds/ NCDs/ FDs/ Mutual Funds. Sharekhan or any of its group concerns do not in any manner recommends any product or any of its characteristics. The client is advised to take his / her own independent decisions for investing in any financial product after understanding their respective nature and risk and returns involved. The client may also approach his / her own consultants for investing in financial products or in relation to the tax related aspects. We do not solicit any action based upon this promotional material. Please note that the product does not take into account any particular investment objectives, financial decisions or needs of individual recipients. Neither Sharekhan nor any person connected with Sharekhan accepts any liability arising out of investment suggested in this material.

RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking)

RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS Interest from these Bonds shall not be included in total income of any person as per provisions

More information

REC Tax Free Bonds. RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS COMPANY PROFILE

REC Tax Free Bonds. RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS COMPANY PROFILE RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS Interest from these Bonds do not form part of Total Income as per provisions under section 10 (15)

More information

REC Tax Free Bonds. RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS COMPANY PROFILE

REC Tax Free Bonds. RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS COMPANY PROFILE RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS Interest from these Bonds do not form part of Total Income as per provisions under section 10 (15)

More information

RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS

RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS Interest from these Bonds shall not be included in total income of any person as per provisions

More information

IRFC Public Issue of Tax Free Bonds

IRFC Public Issue of Tax Free Bonds INDIAN RAILWAY FINANCE CORPORATION LIMITED Issue opening on 25 Feb 2013 HIGHLIGHTS OF TAX BENEFITS Interest from these Bonds do not form part of total income as per provisions of Section 10 (15) (iv) (h)

More information

The issue offers yield ranging from % to % depending upon the series applied for and category of investor

The issue offers yield ranging from % to % depending upon the series applied for and category of investor INVESTMENT RATIONALE The issue offers yield ranging from 12.25 % to 12.6184% depending upon the series applied for and category of investor Opportunity to invest in a subsidiary of Religare Enterprises

More information

Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds issued by

Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds issued by Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds issued by HIGHLIGHTS OF TAX BENEFITS In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of

More information

Shriram Transport Finance Company Limited

Shriram Transport Finance Company Limited ISSUE SALIENT FEATURES Yields range from 9.65% to 11.15% depending on the series applied for (Series I, II, III, IV & V) and the category of investor Credit Rating of CRISIL AA/Stable by CRISIL and CARE

More information

REC Public Issue of Tax Free Bonds

REC Public Issue of Tax Free Bonds HI GHLI GHTS OF TAX BENEFI TS RURAL ELECTRI FI CATI ON CORPORATI ON LI MI TED ( A Government of I ndia Undertaking) I nterest from these Bonds do not form part of Total I ncome as per provisions under

More information

INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED A wholly owned Government of India Undertaking

INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED A wholly owned Government of India Undertaking HIGHLIGHTS OF TAX BENEFITS INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED A wholly owned Government of India Undertaking Interest from these Bonds do not form part of total income as per provisions of Section

More information

Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds issued by. National Highways Authority of India (NHAI)

Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds issued by. National Highways Authority of India (NHAI) Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds issued by National Highways Authority of India (NHAI) NHAI - Tax Free Bonds A. K. Stockmart Pvt. Ltd. Public Issue of Tax Free Secured

More information

Bonanza Portfolio Ltd

Bonanza Portfolio Ltd Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds issued by HIGHLIGHTS OF TAX BENEFITS In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of

More information

A Wholly Owned Government Company

A Wholly Owned Government Company PUBLIC ISSUE OF TAX FREE SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES of face value of ` 1,000 each having tax benefits under section 10(15) (iv) (h) Income Tax Act, 1961, as amended for an amount aggregating

More information

`IREDA Public Issue of Tax Free Bonds

`IREDA Public Issue of Tax Free Bonds HIGHLIGHTS OF TAX BENEFITS INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED (A GOVERNMENT OF INDIA ENTERPRISE) Interest from these Bonds do not form part of total income as per provisions of Section

More information

Company Highlights. Strengths. Strategies. Financials Performance

Company Highlights. Strengths. Strategies. Financials Performance PUBLIC ISSUE OF TAX FREE, SECURED, REDEEMABLE, NON CONVERTIBLE BONDS of face value of ` 1,000 each, having tax benefits under section 10(15) (iv) (h) Income Tax Act, 1961, as amended for an amount aggregating

More information

NHAI Public Issue of Tax Free Bonds Tranche II

NHAI Public Issue of Tax Free Bonds Tranche II NHAI Public Issue of Tax Free Bonds Tranche II HIGHLIGHTS OF TAX BENEFITS NATIONAL HIGHWAYS AUTHORITY OF INDIA (An Autonomous Body under the Ministry of Road Transport & Highways, Government of India)

More information

ISSUE STRUCTURE. The key common terms and conditions of the Bonds are as follows: COMMON TERMS FOR ALL SERIES OF THE BONDS

ISSUE STRUCTURE. The key common terms and conditions of the Bonds are as follows: COMMON TERMS FOR ALL SERIES OF THE BONDS ISSUE STRUCTURE The CBDT has, by the CBDT Notification, authorised our Company to raise the Bonds aggregating to ` 10,00,000 lakhs. Pursuant to the CBDT Notification and the Prospectus Tranche-1, our Company

More information

NHAI Public Issue of Tax Free Bonds

NHAI Public Issue of Tax Free Bonds 17 2015 December, 31 2015 HIGHLIGHTS OF TAX BENEFITS NATIONAL HIGHWAYS AUTHORITY OF INDIA (An Autonomous Body under the Ministry of Road Transport & Highways, Government of India) Interest from these Bonds

More information

RURAL ELECTRIFICATION CORPORATION LIMITED Tax Free Bonds

RURAL ELECTRIFICATION CORPORATION LIMITED Tax Free Bonds RURAL ELECTRIFICATION CORPORATION LIMITED Tax Free Bonds Options Tranche 1 Series 1 Tranche 1 Series 2 Tranche 1 Series 3 Issue Opens Friday, August 30, 2013 Issue Closes Monday, September 23, 2013* Issuer

More information

JM Financial Credit Solutions Limite d

JM Financial Credit Solutions Limite d JM FINANCIAL CREDIT SOLUTIONS LIMITED INVESTMENT RATIONALE The issue offers yields ranging from 9.24% to 9.74% depending up on the Category of Investor and the option applied for. The NCDs have been rated

More information

India Infoline Limited

India Infoline Limited Public Issue of Unsecured Subordinated Redeemable Non-Convertible Debentures of Mahindra & Mahindra Financial Services Limited Issue Period : July 10, 2017 July 28, 2017 INVESTMENT RATIONALE Mahindra &

More information

NTPC Public Issue of Tax Free Bonds

NTPC Public Issue of Tax Free Bonds HIGHLIGHTS OF TAX BENEFITS NTPC LIMITED (A Government of India Enterprise) Interest from these Bonds do not form part of total income as per provisions of Section 10 (15) (iv) (h) of Income Tax Act, 1961

More information

PUBLIC ISSUE OF SECURED AND UNSECURED NON-CONVERTIBLE DEBENTURES OF MUTHOOT FINANCE LIMITED of face value Rs. 1,000 upto ` 5,000 million

PUBLIC ISSUE OF SECURED AND UNSECURED NON-CONVERTIBLE DEBENTURES OF MUTHOOT FINANCE LIMITED of face value Rs. 1,000 upto ` 5,000 million PUBLIC ISSUE OF SECURED AND UNSECURED NON-CONVERTIBLE DEBENTURES OF MUTHOOT FINANCE LIMITED of face value Rs. 1,000 upto ` 5,000 million Issue Opening December 11, 2015 Issue Closing January 11, 2015*

More information

A.K. Stockmart Pvt. Ltd. Public Issue of Tax Free Secured Redeemable Non Convertible Bonds by NHPC LIMITED Oct 18, Nov 11, 2013

A.K. Stockmart Pvt. Ltd. Public Issue of Tax Free Secured Redeemable Non Convertible Bonds by NHPC LIMITED Oct 18, Nov 11, 2013 A.K. Stockmart Pvt. Ltd. Public Issue of Tax Free Secured Redeemable Non Convertible Bonds by NHPC LIMITED Oct 18, 2013- Nov 11, 2013 NHPC LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX

More information

ISSUE STRUCTURE. Strategies

ISSUE STRUCTURE. Strategies PUBLIC ISSUE OF SECURED AND UNSECURED NON-CONVERTIBLE DEBENTURES OF MUTHOOT FINANCE LIMITED of face value Rs. 1,000 upto ` 4,000 million Issue Opening November 19, 2014 Issue Closing December 18, 2014*

More information

NCD - PUBLIC ISSUE NOTE

NCD - PUBLIC ISSUE NOTE Public Issue of Secured Redeemable Non-Convertible Debentures by Indiabulls Housing Finance Limited Brief Introduction of the company: It is one of the largest housing finance companies ("HFCs") in India.

More information

Rural Electrification Corporation Limited (REC)

Rural Electrification Corporation Limited (REC) February 26, 2014 Rural Electrification Corporation Limited (REC) Tax Free Bond Issue Tranche II Summary: Rural Electrification Corporation Ltd (REC) has come out with its 2nd Tranche of public issue of

More information

INDIABULLS HOUSING FINANCE LIMITED (IBHFL)

INDIABULLS HOUSING FINANCE LIMITED (IBHFL) INDIABULLS HOUSING FINANCE LIMITED (IBHFL) INVESTMENT RATIONALE The issue offers yields ranging from 8.60 % to 9.15% depending up on the Category of Investor and the option applied for. Opportunity to

More information

15-Oct Oct-2018

15-Oct Oct-2018 Public Issue of Secured Redeemable Non-Convertible Debentures Shriram Transport Finance Company Limited ------------------------------------------------------------------------------------------------------

More information

Note: Edelweiss Broking Ltd. is a Lead Broker to the issue; accordingly, this note is prepared based on the Prospectus for informative purpose only.

Note: Edelweiss Broking Ltd. is a Lead Broker to the issue; accordingly, this note is prepared based on the Prospectus for informative purpose only. Note: Edelweiss Broking Ltd. is a Lead Broker to the issue; accordingly, this note is prepared based on the Prospectus for informative purpose only. EDELWEISS RETAIL FINANCE LIMITED Public Issue Of Secured

More information

Shriram City Union Finance Limited. Issue Related FAQs

Shriram City Union Finance Limited. Issue Related FAQs Shriram City Union Finance Limited Issue Related FAQs Q1. What is the Nature & Size of the Issue? Ans: Public Issue by Shriram City Union Finance Limited, ( Company or Issuer ) of Secured Non- Convertible

More information

Muthoot Finance Limited Public Issue Of Secured Redeemable & Unsecured Redeemable Non-Convertible Debentures

Muthoot Finance Limited Public Issue Of Secured Redeemable & Unsecured Redeemable Non-Convertible Debentures Note: Edelweiss Broking Ltd. is a Lead Broker to the issue; accordingly, this note is prepared based on the Prospectus for informative purpose only. Issue Highlights Muthoot Finance Limited Public Issue

More information

SECTION VI ISSUE INFORMATION ISSUE STRUCTURE

SECTION VI ISSUE INFORMATION ISSUE STRUCTURE SECTION VI ISSUE INFORMATION ISSUE STRUCTURE Pursuant to the CBDT Notification, our Company is authorized to undertake the Issue. Our Company proposes to raise an amount of ` 400 crore with an option to

More information

NTPC LIMITED Public Issue Of Tax-Free Secured Redeemable Non-Convertible Bonds

NTPC LIMITED Public Issue Of Tax-Free Secured Redeemable Non-Convertible Bonds NTPC LIMITED Public Issue Of Tax-Free Secured Redeemable Non-Convertible Bonds *This Note is prepared based on the Prospectus for informative purpose only ISSUE HIGHLIGHTS Issue opens: Wednesday, September

More information

Muthoot Finance Limited Public Issue Of Secured Redeemable & Unsecured Redeemable Non-Convertible Debentures

Muthoot Finance Limited Public Issue Of Secured Redeemable & Unsecured Redeemable Non-Convertible Debentures Note: Edelweiss Broking Ltd. is a Lead Broker to the issue; accordingly, this note is prepared based on the Prospectus for informative purpose only. Issue Highlights Muthoot Finance Limited Public Issue

More information

Indiabulls Housing Finance Limited

Indiabulls Housing Finance Limited Indiabulls Housing Finance Limited Public Issue of Secured and Unsecured Redeemable Non-Convertible Debentures Issue Opens on September 15, 2016 Issue Closes on September 23, 2016* * Allocations will be

More information

ECL Finance Limited. 13-Dec Jan Public Issue of Secured Redeemable Non-Convertible Debentures. Issue Opens on.

ECL Finance Limited. 13-Dec Jan Public Issue of Secured Redeemable Non-Convertible Debentures. Issue Opens on. Public Issue of Secured Redeemable Non-Convertible Debentures ECL Finance Limited -------------------------------------------------------------------------------------------------------------------- Issue

More information

NTPC Limited Tax Free Bonds

NTPC Limited Tax Free Bonds NTPC Limited Tax Free Bonds Issue Opens Wednesday, September 23, 2015 Issue Closes Wednesday, September 30, 2015* Issuer NTPC Limited Issue of Bonds Public Issue by NTPC Limited ("NTPC" or "Issuer" or

More information

SREI EQUIPMENT FINANCE LIMITED

SREI EQUIPMENT FINANCE LIMITED INVESTMENT RATIONALE SREI EQUIPMENT FINANCE LIMITED The issue offers effective yields ranging from 8.63 % to 9.77% depending up on the Category of Investor and the option applied for. Credit Rating of

More information

07-Jan Jan-2019

07-Jan Jan-2019 Public Issue of Secured Redeemable Non-Convertible Debentures ------------------------------------------------------------------------------------------------------ Issue Opens on 07-Jan-2019 ---------------------------------------------------

More information

TATA CAPITAL FINANCIAL SERVICES LIMITED

TATA CAPITAL FINANCIAL SERVICES LIMITED TATA CAPITAL FINANCIAL SERVICES LIMITED INVESTMENT RATIONALE: The issue offers yields ranging from 8.70% to 9.10% depending up on the Category of Investor and the option applied for. Credit Rating of"

More information

SBI Capital Markets Ltd, AK capital Services Ltd, ICICI Securities, Kotak Invest Banking

SBI Capital Markets Ltd, AK capital Services Ltd, ICICI Securities, Kotak Invest Banking Issuer Issue Recommendation Acceptance Public Issue of tax free NCDs aggregating to Rs.5000 crs with an option to retain oversubscription upto Rs.5000 crs for issuance of additional NCDs. SUBSCRIBE ON

More information

RELIANCE HOME FINANCE LIMITED

RELIANCE HOME FINANCE LIMITED RELIANCE HOME FINANCE LIMITED INVESTMENT RATIONALE The issue offers yields ranging from 8.70% to 9.40% depending up on the Category of Investor and the option applied for. Credit Rating of CARE AA+ by

More information

Public Issue of India Infoline Finance Ltd. NCD

Public Issue of India Infoline Finance Ltd. NCD P a g e 1 Q1. What is the nature and size of issue? Issue Related FAQs Ans: Public Issue of Non-convertible Debentures (NCDs) in the nature of Sub-ordinated debt of face value of Rs. 1,000/- per bond with

More information

HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED Public Issue of Tax Free Bonds - FAQs

HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED Public Issue of Tax Free Bonds - FAQs HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED Public Issue of Tax Free Bonds - FAQs 1) Brief about HUDCO? HUDCO is a techno-financial institution engaged in the financing and promotion of housing and

More information

NCD Public Issue Note

NCD Public Issue Note Public Issue of Secured and Unsecured Redeemable Non- Convertible Debentures of Rs. 15,000 Lacs with an option to retain over subscription upto Rs. 15,000 Lacs aggregating to Rs. 30,000 Lacs by MUTHOOTTU

More information

KOSAMATTAM FINANCE LIMITED

KOSAMATTAM FINANCE LIMITED Public Issue of Secured Redeemable Non- Convertible Debentures of Rs. 15,000 Lakhs with an option to retain over subscription upto Rs. 15,000 Lakhs aggregating to Rs. 30,000 Lakhs by KOSAMATTAM FINANCE

More information

Muthoot Finance Ltd. NCD Issue 12 th August, Key Highlights of the Company. Key Financials

Muthoot Finance Ltd. NCD Issue 12 th August, Key Highlights of the Company. Key Financials 12 th August, 2011 CMP: Rs. 195 52 Week High: 198 52 Week Low: 150 Market Statistics NSE MUTHOOTFIN BSE 533398 Face Value (Rs) 10 Equity Shares (Cr) 37.17 Market Cap (Rs Cr) 7245 Average Volume 7 Days

More information

NTPC LIMITED Public Issue Of Tax-Free Secured Redeemable Non-Convertible Bonds

NTPC LIMITED Public Issue Of Tax-Free Secured Redeemable Non-Convertible Bonds Note: Edelweiss Broking Ltd. is a Sub Consortium Member to the issue; accordingly, this note is prepared based on the Prospectus for informative purpose only. NTPC LIMITED Public Issue Of Tax-Free Secured

More information

Frequently Asked Questions on New Fund Offer of BHARAT 22 ETF

Frequently Asked Questions on New Fund Offer of BHARAT 22 ETF Frequently Asked Questions on New Fund Offer of BHARAT 22 ETF 1. What is BHARAT 22 ETF? Government of India (GOI), as part of its disinvestment programme, approved the setting up of Exchange Traded Fund

More information

Frequently Asked Questions on Further Fund Offer (FFO) BHARAT 22 ETF. An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index

Frequently Asked Questions on Further Fund Offer (FFO) BHARAT 22 ETF. An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index The information contained herein is solely for private circulation for reading/understanding of registered Advisors/ Distributors and should not be circulated to investors/prospective investors. Frequently

More information

FAQ OF SREI INFRASTRUCTURE FINANCE LIMITED -NCD Issue

FAQ OF SREI INFRASTRUCTURE FINANCE LIMITED -NCD Issue FAQ OF SREI INFRASTRUCTURE FINANCE LIMITED -NCD Issue Srei Infrastructure Finance Limited is, subject to market conditions and other considerations, proposing a public issue of up to `2000 million ( Base

More information

Issue related FAQs. Q4. Tell us more about the issuer company.

Issue related FAQs. Q4. Tell us more about the issuer company. Srei Infrastructure Finance Limited (the Company or the Issuer ) Public Issue of Secured, Redeemable Non-Convertible Debentures ( Debentures / NCDs ) for an amount upto ` 1,000 Million (the Issue ) Issue

More information

Others (15% of the issue size) Coupon 11.75% 12.00% 12.00% Effective yield 11.75% 12.00% 12.00%

Others (15% of the issue size) Coupon 11.75% 12.00% 12.00% Effective yield 11.75% 12.00% 12.00% Issuer Issue Recommendation Acceptance Rating AA /Stable by CRISIL and ICRA AA (stable) by ICRA Sector NBFC Source: Company data, Nirmal Bang Research Details of the issue NCD Options I II III Tenor (in

More information

Public Issue of Secured and Unsecured subordinated Non-Convertible Debentures

Public Issue of Secured and Unsecured subordinated Non-Convertible Debentures Public Issue of Secured and Unsecured subordinated Non-Convertible Debentures Issue Opens On: February 9, 2018 Issue Closes On: March 7, 2018 # Srei Infrastructure Finance Limited Registered Office: Vishwakarma,

More information

Last Updated on November 14, 2018 vide SEBI Circular CIR/CFD/DIL/12/2013

Last Updated on November 14, 2018 vide SEBI Circular CIR/CFD/DIL/12/2013 Last Updated on November 14, 2018 vide SEBI Circular CIR/CFD/DIL/12/2013 SHUBHLAXMI JEWEL ART LIMITED Our Company was originally formed and registered as a partnership firm on July 30, 2013 at Bhavnagar,

More information

General Information Document for Investing in Public Issues

General Information Document for Investing in Public Issues Last updated on, 2014 AMSONS APPARELS LIMITED (CIN: U74899DL2003PLC122266) Our Company was originally incorporated at New Delhi as Amsons Apparels Private Limited on 16 th September, 2003 under the provisions

More information

Public Issue of Unsecured Subordinated Redeemable Non-Convertible Debentures

Public Issue of Unsecured Subordinated Redeemable Non-Convertible Debentures Public Issue of Unsecured Subordinated Redeemable Non-Convertible Debentures Issue Opens: July 17, 2017 Issue Closes: July 31, 2017 @ Srei Equipment Finance Limited Registered Office: Vishwakarma, 86C,

More information

Private Placement Offer Letter: Allahabad Bank

Private Placement Offer Letter: Allahabad Bank VIII. SUMMARY TERM SHEET Issuer Issue Size Option to retain oversubscription Objects of the Issue Instrument Nature and Status of Bonds Allahabad Bank (the Bank / the Issuer ) `1000/-crore Nil Augmenting

More information

Last Updated on June 04, 2018 vide SEBI Circular CIR/CFD/DIL/12/2013

Last Updated on June 04, 2018 vide SEBI Circular CIR/CFD/DIL/12/2013 Last Updated on June 04, 2018 vide SEBI Circular CIR/CFD/DIL/12/2013 PRITI INTERNATIONAL LIMITED Our Company was originally incorporated as Priti International Limited at Jodhpur, Rajasthan as a Public

More information

5. Type of Instrument Unsecured, subordinated, non-convertible, perpetual bonds which will qualify as Additional Tier 1 Capital (the Bonds ).

5. Type of Instrument Unsecured, subordinated, non-convertible, perpetual bonds which will qualify as Additional Tier 1 Capital (the Bonds ). Note: Any other holiday except Sunday has not been considered. Further, the bonds are perpetual in nature and do not carry redemption date. Coupon upto 10 (ten) years has been mentioned for illustrative

More information

ZODIAC ENERGY LIMITED

ZODIAC ENERGY LIMITED ZODIAC ENERGY LIMITED Our Company was originally incorporated as Zodiac Genset Private Limited at Ahmedabad on May 22, 1992 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation

More information

GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC ISSUES

GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC ISSUES AKI INDIA LIMITED Corporate Identity Number: U19201UP1994PLC016467 Our Company was originally incorporated as AKI Leather Industries Private Limited on May 16, 1994 as a private limited company under the

More information

SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 [Previously SEBI (Disclosure and Investors Protection) Guidelines 2000]

SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 [Previously SEBI (Disclosure and Investors Protection) Guidelines 2000] SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 [Previously SEBI (Disclosure and Investors Protection) Guidelines 2000] Payel Jain Academy of Financial Services Pvt. Ltd PUBLIC OFFER-

More information

1 Type of Issue (IPO/FPO) IPO. 2 Issue Size (Rs. Cr) Grade of issue alongwith name of the rating agency

1 Type of Issue (IPO/FPO) IPO. 2 Issue Size (Rs. Cr) Grade of issue alongwith name of the rating agency Name of the Issue: PTC India Financial Services Limited 1 Type of Issue (IPO/FPO) IPO 2 Issue Size (Rs. Cr) 433.48 3 Grade of issue alongwith name of the rating agency Credit Analysis & Research Name ICRA

More information

Issue 6 (dated 12 March 2014). Contact us at

Issue 6 (dated 12 March 2014). Contact us at In our last newsletter, we discussed social performance outlining the concept and elaborating the various tools in use for evaluating and benchmarking social performance. This month we present a step-by-step

More information

Housing and Urban Development Finance Corporation Limited (HUDCO) Public Issue of Tax Free Bonds FY2014, FAQs: Tranche - I

Housing and Urban Development Finance Corporation Limited (HUDCO) Public Issue of Tax Free Bonds FY2014, FAQs: Tranche - I Housing and Urban Development Finance Corporation Limited (HUDCO) Public Issue of Tax Free Bonds FY2014, FAQs: Tranche - I 1) Give a brief on Housing and Urban Development Finance Corporation Limited (HUDCO).

More information

TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS NATIONAL HIGHWAYS AUTHORITY OF INDIA

TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS NATIONAL HIGHWAYS AUTHORITY OF INDIA TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS NATIONAL HIGHWAYS AUTHORITY OF INDIA 1. Type of issue PUBLIC ISSUE BY NATIONAL HIGHWAYS AUTHORITY OF INDIA

More information

THE PUBLIC PROVIDENT FUND SCHEME, 1968

THE PUBLIC PROVIDENT FUND SCHEME, 1968 THE PUBLIC PROVIDENT FUND SCHEME, 1968 [Issued vide Government of India, MOF (DEA) Notification No. GSR 1136 dated 15.6.1968 and further amended from time to time] GSR 1136;- In exercise of the power conferred

More information

KARDA CONSTRUCTIONS LIMITED

KARDA CONSTRUCTIONS LIMITED KARDA CONSTRUCTIONS LIMITED Our Company was incorporated as Karda Constructions Private Limited on September 17, 2007 as a Private Limited Company under the Companies Act, 1956 with the Registrar of Companies,

More information

OFFER PROCEDURE PART B. General Information Document for Investing in Public Issues

OFFER PROCEDURE PART B. General Information Document for Investing in Public Issues OFFER PROCEDURE PART B General Information Document for Investing in Public Issues This General Information Document highlights the key rules, processes and procedures applicable to public issues in accordance

More information

1 Type of Issue (IPO / FPO) IPO 2 Issue Size (Rs. Cr) Source: Prospectus dated March 28, 2016

1 Type of Issue (IPO / FPO) IPO 2 Issue Size (Rs. Cr) Source: Prospectus dated March 28, 2016 Name of the Issue: Infibeam Incorporation Limited Last updated on April 12, 2016 1 Type of Issue (IPO / FPO) IPO 2 Issue Size (Rs. Cr) 450.00 Source: Prospectus dated March 28, 2016 3 Grade of issue along

More information

Rajiv Gandhi Equity Savings Scheme - FAQs

Rajiv Gandhi Equity Savings Scheme - FAQs Rajiv Gandhi Equity Savings Scheme - FAQs Introduction 1. What is Rajiv Gandhi Equity Savings Scheme, 2012? With an objective to encourage the savings of the small investors in domestic capital market,

More information

Standard Chartered Indian Depository Receipts Frequently Asked Questions: Table of Contents

Standard Chartered Indian Depository Receipts Frequently Asked Questions: Table of Contents Standard Chartered Indian Depository Receipts Frequently Asked Questions: Table of Contents The IDR Facility... 1 Rights of IDR Holders... 2 Ownership and Trading of IDRs... 3 IDR Fees... 4 Other Questions

More information

GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC ISSUES

GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC ISSUES AXITA COTTON LIMITED CIN: U17200GJ2013PLC076059 Registered office: Servey No. 324, 357, 358, Kadi Thol Road, Borisana, Kadi, Mahesana-382715, Gujarat Website: www.axitacotton.com; E-Mail: cs@axitacotton.com

More information

PART V - MINIMUM OFFER TO PUBLIC, RESERVATIONS, ETC.

PART V - MINIMUM OFFER TO PUBLIC, RESERVATIONS, ETC. PART V - MINIMUM OFFER TO PUBLIC, RESERVATIONS, ETC. Minimum offer to public. 41. 84 [ The minimum net offer to the public shall be subject to the provisions of clause (b) of sub-rule (2) of rule 19 of

More information

[EMBLEM OF THE GOVERNMENT OF INDIA] [Ministry of Steel, Government of India]

[EMBLEM OF THE GOVERNMENT OF INDIA] [Ministry of Steel, Government of India] NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN AND INTO THE UNITED STATES OR ANY OTHER JURISDICTIONS (AS DEFINED BELOW). SEE IMPORTANT INFORMATION BELOW. [EMBLEM OF THE GOVERNMENT OF INDIA] [Ministry

More information

Frequently Asked Questions on Additional Offering Period

Frequently Asked Questions on Additional Offering Period Frequently Asked Questions on Additional Offering Period An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index PRODUCT 1. What is the launch date of Additional Offering Period for BHARAT

More information

SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997

SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997 In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India

More information

Repco Home Finance Limited. Last updated on 31-Dec Name of the Issue:

Repco Home Finance Limited. Last updated on 31-Dec Name of the Issue: Name of the Issue: Repco Home Last updated on 31-Dec-2013 1 Type of Issue (IPO / FPO) IPO 2 Issue Size (Rs. Cr) 270.23 3 Grade of issue along with name of the rating agency Name ICRA Grade 3 4 Subscription

More information

JAKHARIA FABRIC LIMITED CIN: U17200MH2007PLC171939

JAKHARIA FABRIC LIMITED CIN: U17200MH2007PLC171939 JAKHARIA FABRIC LIMITED CIN: U17200MH2007PLC171939 Our Company was incorporated as Jakharia Fabric Private Limited on June 22, 2007, under the Companies Act, 1956 with the Registrar of Companies, Mumbai

More information

GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC ISSUES / OFFERS

GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC ISSUES / OFFERS ARIHANT INSTITUTE LIMITED CIN: U80301GJ2007PLC050413 Our Company was originally incorporated on March 30, 2007 as Arihant Institute Private Limited vide Registration no. 050413 (CIN: U80301GJ2007PTC050413)

More information

Public Issue of Secured Redeemable Non Convertible Debentures

Public Issue of Secured Redeemable Non Convertible Debentures Public Issue of Secured Redeemable Non Convertible Debentures Issue Opens On: 1 st July, 2015 Issue Closes On: 20 th July, 2015 @ Srei Infrastructure Finance Limited Registered Office: Vishwakarma, 86C,

More information

TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS RURAL ELECTRIFICATION CORPORATION LIMITED

TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS RURAL ELECTRIFICATION CORPORATION LIMITED TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS RURAL ELECTRIFICATION CORPORATION LIMITED 1. Type of issue Public Issue by Rural Electrification Corporation

More information

MARINE ELECTRICALS (INDIA) LIMITED

MARINE ELECTRICALS (INDIA) LIMITED MARINE ELECTRICALS (INDIA) LIMITED Our Company was incorporated pursuant to a certificate of incorporation dated December 04, 2007 issued by the Registrar of Companies, Maharashtra Mumbai at Maharashtra

More information

TANVI FOODS (INDIA) LIMITED U15433TG2007PLC053406

TANVI FOODS (INDIA) LIMITED U15433TG2007PLC053406 TANVI FOODS (INDIA) LIMITED U15433TG2007PLC053406 Our Company was incorporated as Tanvi Foods Private Limited on March 30, 2007 under the Companies Act, 1956 with the Registrar of Companies, Hyderabad

More information

APOLLO MICRO SYSTEMS LIMITED

APOLLO MICRO SYSTEMS LIMITED APOLLO MICRO SYSTEMS LIMITED Our Company was incorporated as Apollo Micro Systems Private Limited on March 3, 1997 in Hyderabad as a private limited company, under the Companies Act, 1956 and was granted

More information

CHAPTER II - INITIAL PUBLIC OFFER ON MAIN BOARD

CHAPTER II - INITIAL PUBLIC OFFER ON MAIN BOARD CHAPTER II - INITIAL PUBLIC OFFER ON MAIN BOARD PART I: ELIGIBILITY REQUIREMENTS Reference date 4. Unless otherwise provided in this Chapter, an issuer making an initial public offer of specified securities

More information

Further, the Dividend income is tax free, if the company is liable to dividend distribution tax.

Further, the Dividend income is tax free, if the company is liable to dividend distribution tax. FAQs (Frequently Asked Questions) on RGESS Rajiv Gandhi Equity Savings Scheme (RGESS) 1. What is RGESS? Rajiv Gandhi Equity Savings Scheme (RGESS), is a tax saving scheme announced in the Union Budget

More information

For Office Use Only Registered Office: Srei Equipment Finance Limited Vishwakarma, 86C Topsia Road (South), Kolkata 700046 Tel: (033) 61607734 Fax: (033) 6602 2455; Website: www.srei.com Date of Receipt

More information

EXECUTIVE PROGRAMME UPDATES FOR CAPITAL MARKETS AND SECURITIES LAWS MODULE 2- PAPER 6

EXECUTIVE PROGRAMME UPDATES FOR CAPITAL MARKETS AND SECURITIES LAWS MODULE 2- PAPER 6 EXECUTIVE PROGRAMME UPDATES FOR CAPITAL MARKETS AND SECURITIES LAWS (Relevant for students appearing in December, 2016 examination) MODULE 2- PAPER 6 Disclaimer- This document has been prepared purely

More information

HDFC Retirement Savings Fund: FAQs

HDFC Retirement Savings Fund: FAQs HDFC Retirement Savings Fund: FAQs 1. What is HDFC Retirement Savings Fund? HDFC Retirement Savings Fund, an open ended notified tax savings cum pension scheme with no assured returns, is a mutual fund

More information

VALIANT ORGANICS LIMITED CIN: U24230MH2005PLC151348

VALIANT ORGANICS LIMITED CIN: U24230MH2005PLC151348 VALIANT ORGANICS LIMITED CIN: U24230MH2005PLC151348 Our Company was incorporated as Valiant Organics Private Limited on February 16, 2005 under the Companies Act, 1956 bearing Registration No. 151348 and

More information

MAHINDRA ASSET MANAGEMENT COMPANY PVT. LTD. (INVESTMENT MANAGER TO MAHINDRA MUTUAL FUND) INVESTMENT VALUATION POLICY AND PROCEDURES

MAHINDRA ASSET MANAGEMENT COMPANY PVT. LTD. (INVESTMENT MANAGER TO MAHINDRA MUTUAL FUND) INVESTMENT VALUATION POLICY AND PROCEDURES MAHINDRA ASSET MANAGEMENT COMPANY PVT. LTD. (INVESTMENT MANAGER TO MAHINDRA MUTUAL FUND) INVESTMENT VALUATION POLICY AND PROCEDURES 1 INDEX Sr. No: Particular Page No(s) I Introduction 3 II Purpose 3 III

More information

Central Depository Services (India) Limited

Central Depository Services (India) Limited Central Depository Services (India) Limited Convenient Dependable Secure COMMUNIQUÉ TO DEPOSITORY PARTICIPANTS CDSL/OPS/DP/POLCY/4232 February 06, 2014 RAJIV GANDHI EQUITY SAVINGS SCHEME (RGESS), 2013

More information

CanFin Homes. Turning over a new leaf CMP: Rs134. Reco: Buy

CanFin Homes. Turning over a new leaf CMP: Rs134. Reco: Buy Visit us at www.sharekhan.com December 04, 2012 Reco: Buy Turning over a new leaf CMP: Rs134 Price target: Market cap: Public & others 53% Company details 52-week high/low: NSE volume: (no. of shares)

More information

TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS. India Infoline Finance Limited

TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS. India Infoline Finance Limited TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS India Infoline Finance Limited 1. Type of issue Public Issue of Un-Secured Redeemable Non convertible Debentures

More information

Sub: Disclosure in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sub: Disclosure in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref. No. SE/ 2018-19/274.i HDFC HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED www.hdfc.com November 26, 2018 BSELimited P. J. Towers, Dalal Street, Mumbai 400 00 I Kind Attn: Sr. General Manager DCS

More information

REGULATORY FRAMEWORK GOVERNING INITIAL PUBLIC OFFERINGS IN INDIA

REGULATORY FRAMEWORK GOVERNING INITIAL PUBLIC OFFERINGS IN INDIA CHAPTER 4 REGULATORY FRAMEWORK GOVERNING INITIAL PUBLIC OFFERINGS IN INDIA This chapter presents the regulatory framework governing the issuance of IPOs through public offer, book building and online route.

More information

CIRCULAR. CFD/DIL3/CIR/2017/21 March 10, All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges

CIRCULAR. CFD/DIL3/CIR/2017/21 March 10, All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges CIRCULAR CFD/DIL3/CIR/2017/21 March 10, 2017 All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Schemes of Arrangement by Listed Entities

More information