Srei is planning to garner Rs 100 crore through secured, redeemable, NCDs and would have the option to retain over- subscription of up to Rs 200 crore, the company said in a draft prospectus filed with Sebi.
Also read: Sebi seeks fresh details on Godrej Properties rights issue
NCDs are loan-linked securities issued by a company and can't be converted into stocks. They usually carry a higher interest rate than a convertible debenture.
"Public issue by Srei Infrastructure of secured redeemable NCDs of face value of Rs 1,000 each for an amount up to Rs 1,000 million with an option to retain over subscription up to Rs 1,000 million, aggregating to Rs 2,000 million," the company said.
The funds raised through the issue would be used for financing activities, to repay existing loans and meet business operations including for capital expenditure and working capital requirements.
The lead managers to the issue are ICICI Securities, A K Capital Services, Trust Capital Investment Advisors and Srei Capital Markets. Besides, Karvy Computershare is the registrar to the issue.
Earlier, Srei Infrastructure's board had approved to raked in funds not exceeding Rs 1,500 crore by way of a public issue of NCDs in one or more tranches during 2013-14.
Anda sedang membaca artikel tentang
Srei Infra seeks Sebi nod to raise up to Rs 200cr via NCDs
Dengan url
https://gayafashionshow.blogspot.com/2013/07/srei-infra-seeks-sebi-nod-to-raise-up.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Srei Infra seeks Sebi nod to raise up to Rs 200cr via NCDs
namun jangan lupa untuk meletakkan link
Srei Infra seeks Sebi nod to raise up to Rs 200cr via NCDs
sebagai sumbernya
0 komentar:
Posting Komentar