#ShriramGroup

[mutualfundsshares]

Shriram City Union Finance NCD Opens On 21st Aug

Latest Non-Convertible Debenture Scheme

Non-Banking monetary organization part has experienced a lack of assets. On Wednesday, Shriram City Union Finance has reported its NCD raised around Rs 900 crore. The issue has opened for membership on 21st August and closes on nineteenth September this year. Shriram City Union Finance NCD offers a made sure about redeemable non-convertible debenture. It offers a 9.86% every year.

 Fundamental Details of Shriram City Union Finance NCD

 Shriram City Union Finance Tranche 2 NCD offers around Rs 1000 centers. The base size of the issue is Rs 100 crore with the alternative of holding up to Rs 900 crores. This plan offers eight unique alternatives and residencies of two years, three years, and 60 months. The offer keeps up an assumed worth of Rs 1,000 for every NCD bond. One should contribute at least Rs 10,000 methods at least 10 NCD bonds and in products of 1 NCD bond.

 The premium payables accessible month to month, yearly, and in total contingent upon the choice picked by the financial specialist. It recorded on BSE and these are fluid speculations.

 The target of the Issue:

 As of draft plan, the cash raising from the subsidizing will use for ahead loaning, financing, reimbursement, and head of existing acquiring. General Corporate Purposes.

 Financing costs of NCDs

 Options Category Tenure Interest Payment Coupon Rate (Interest ) Individuals Effective Yield Maturity Value

 I Secured 24 Months Annual 9.55% 9.54% 1,000

 II Cumulative NA 9.55% 1,200

 III 36 Months Annual 9.70% 9.69% 1,000

 IV Monthly 9.30% 9.70% 1,000

 V Cumulative NA 9.70% 1,3200

 VI 60 Months Annual 9.85% 9.84% 1,000

 VII Monthly 9.45% 9.86% 1,000

 VIII Cumulative NA 9.85% 1,600

 The coupon paces of the plan extended between 9.30% to 9.85%. The compelling Yield extended between 9.54% to 9.86%. The NCDs have been appraised as AA+ via care appraisals and AA by Crisil.

 NCDs Offered

 Category NCD's Reserve %

 Qualified Institutional Buyers 10%

 Non-Institutional Investors 10%

 Retail Investors 40%

 High-Net worth Investors 40%

 The Scheme held for High-Net worth financial specialists bit of 40 percent, 10 percent for Qualified institutional purchasers, 40 percent of retail speculators, and 10 percent for Non-Institutional financial specialists.

 The reserve will oversee by A.K Capital Services Limited, Edelweiss Financial Services Limited.

 Shriram City Union Finance is a piece of Shriram Group. It gives Two-wheeler credits, Personal Loans, Auto Loans, Gold Loans, Loans for New three and 4 wheeler vehicles.

 Disclaimer: This post is only data about the plan. It doesn't offer any guidance or proposal. It would be ideal if you read the offer archive cautiously before contributing.

[awesomehomebuyerworld]

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[m-n-a-critique]

Shriram group mulls merger of Shriram Transport Finance, City Union

#ShriramGroup mulls merger of #ShriramTransportFinance, #CityUnion

Non-banking financial firms Shriram Transport Finance Company and Shriram City Union Finance (SCUF) are in early stages of discussion for merger, a person privy of the matter said on Monday.

The move is aimed at listing the holding company Shriram Capital. “Discussions are going on. The advantages and merits of the merger are being looked into,” the person said.

However, it is not a binding…

[m-n-a-critique]

It's official! IDFC and Shriram Group drop plan to create a big bank

It's official! #IDFC and #ShriramGroup drop plan to create a big bank

IDFC Bank and Shriram Capital scrapped merger plans to create what would have been one of India’s biggest financial services conglomerates after four months of negotiations during which they couldn’t agree on valuation.

Shriram Capital, the bigger of the two entities, did not respond to a swap ratio proposed by IDFC Bank, forcing the Mumbai-based lender to end negotiations ahead of the November 8…

[m-n-a-critique]

IDFC-Shriram Group merger: 4 top hurdles the mega union will run into

#IDFC-ShriramGroup #merger: 4 top hurdles the mega union will run into

The proposed merger of IDFC and the Shriram Group will create a financial giant with a market value of at least Rs 72,000 crore that will have businesses as diverse as motorcycle credit and lending for power projects.

Both the groups have three months to structure the deal and get approvals. But the complex, multi-layered deal is likely to run into various regulatory hurdles. The companies of…

[m-n-a-critique]

IDFC and Shriram Group shares trade weak on proposed merger talks

#IDFC and #ShriramGroup shares trade weak on proposed #merger talks

Shares of IDFC, IDFC Bank, Shriram Transport Finance and Shriram City Union Finance were trading weak in otherwise firm market after IDFC and Shriram group on Saturday said they had entered 90 days of merger talks.

Among the individual stocks, Shriram City Union Finance and Shriram Transport Finance were down4% each at Rs 2,386 and Rs 1,044, respectively. IDFC was down 3% at Rs 58,…