Earn upto 11.60% p.a. on Shriram Transport Finance NCD
Currently highest interest rate available in any bank is 9.50%. With the option of this NCD one can earn up to 11.60% of interest. This is a good choice of investment.
Shriram Transport Finance Company Limited is India's largest player in commercial vehicle finance. This company is a market leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks and a market share of 20-25%.
Shriram Transport Finance Co. Ltd. is raising upto 1000 crores, through retail Non-Convertible Debentures (NCDs).
Retail portion Rs.400 Crores - Retail investors can invest up to Rs.5 lacs.
Very attractive interest rates of upto 11.60% for 5 years and 11.35% for 3 years.
TDS (Tax Deduction at Source) exumption :
No income tax is deductible at source as per the provisions of Section 193 of the IT Act on interest on debentures issued by a company in a dematerialised form listed on recognised stock exchange in India.
Crisil Ratings :
"CARE AA+" rating by CARE & "AA/Stable" rating by CRISIL.
Listing at NSE, ensuring a permanent liquidity. NCDs will be credited in your existing Demat Account.
Issue open: June 27, 2011 to July 9, 2011
Allotment is only on "First Come First Serve" basis.
Application Forms are available with all leading brokers of NSE.
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