Shriram City Union Finance is eyeing to raise up to Rs 200 crore through issue of non- convertible debentures (NCDs) of Rs 100 crore with an option to retain over subscription to the extent of another Rs 100 crore. The NCD issue, which will open for subscription on November 25, will have effective yields ranging from 12.27% to 14.46% per annum.
Out of the total issue size, 80% is reserved for individuals, which constitute 40% earmarked for retail investors and 40% for high net worth individuals. The NCDs are also proposed to be listed on BSE and NSE.
Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
Out of the total issue size, 80% is reserved for individuals, which constitute 40% earmarked for retail investors and 40% for high net worth individuals. The NCDs are also proposed to be listed on BSE and NSE.
Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
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