Religare Finvest Ltd has come up with Secured Redeemable Non-Convertible Debenture (NCD) of face value of Rs. 1000/-, Issue Details, Size, Opening & Closing Dates

Religare Finvest Ltd has come up with Secured Redeemable Non-Convertible Debenture (NCD) of face value of Rs. 1000/-, Issue Details, Size, Opening & Closing Dates




Religare Finvest Ltd is a wholly owned subsidiary of Religare Enterprises Limited ("REL") and a diversified financial services company. They are Non-Deposit Accepting NBFC, focussing on small and medium enterprises ("SME") financing and retail capital market financing.

Company's lending products aimed at providing financing to the SME segment include:

1. Loan against Property
2. Loan against Commercial Assets
3. Loan against Marketable Securities
4. Loan against Plant & Machinery
5. Unsecured Working capital finance

Retail capital market financing includes the following products:

1. Loan against Shares
2. ESOP Funding

Issue Detail:

Issue Open: Sep 09, 2011 - Sep 26, 2011
Issue Type: Fixed Price Issue NCD
Issue Size: 8,000,000 Equity Shares of Rs. 1000
Issue Size: Rs. 800.00 Crore
Face Value: Rs. 1000 Per Equity Share

Religare Finvest NCD Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: religare.ncd@linkintime.co.in
Website: http://www.linkintime.co.in


Options:

The company has two options under which a minimum of Rs. 10000 is to be invested. The face value of NCDs will be of Rs. 1000 each. Under option I, the NCDs will bear interest rate of 12.10% for category I, 12.25% for category II and 12.50% for category III and will have tenure of 60 months. Under option II the interest rates will be 12.00%, 12.15% and 12.25% respectively for the three categories and the tenure will be for a period of 36 months. Both these option have no put and call option attached.

Options	|	||
Minimum Application	Rs10,000 (10 NCDs; for all options of NCDs, namely Options I and II either taken individually or collectively).
Face Value/Issue Price	Rs. 1,000 (1 NCD)
In Multiples Of	Rs. 1,000 (1 NCD)
Interest Rate (%) per annum
1) For NCD holders in Category I	12.10%	12.00%
2) For NCD holders in the Non-Institutional Portion (Category II)	12.25%	12.15%
3) For NCD holders in the Reserved Individual Portion (Category III)	12.50%	12.25%
Yield on Maturity (%) (per annum)
1) For NCD holders in Category I	12.10%	12.00%
2) For NCD holders in the Non-Institutional Portion (Category II)	12.25%	12.15%
3) For NCD holders in the Reserved Individual Portion (Category III)	12.50%	12.25%
Listing	BSE	BSE
Frequency of Interest Payment	Annual	Annual
Redemption Amount (Rs/NCD)	Repayment of the face value plus any interest that may have accrued on the redemption date.	Repayment of the face value plus any interest that may have accrued on the redemption date.
Tenor	60 months	36 months