This firm is giving a bumper incomes alternative on the brand new yr, curiosity might be as much as 9.10 % – Shreeram Transport to concern second tranche of bond in january get extra then 9 % of curiosity | Enterprise – Information in Hindi

new Delhi. Shriram Transport is raising Rs 1,000 crore through bonds. The company gave information about this on Thursday. The base price of the bond issue has been fixed at Rs 200 crore, with provision for oversubscription. The company has said that it can go up to Rs 1,000 crore. This will be the second tranche of bonds to be issued by this non-banking financial company (NBFC).

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How will the company use the fund? "The funds raised from the bonds will be used for lending, financing and repair and prepayment for existing borrowings," the company said in its statement.

Coupon offer up to 9.10% on interest payment The company is issuing bonds for 3 and 5 years which will have the option of cumulative interest payments monthly and annually. At the same time, there will be an option for monthly and annual interest payments on 7-year bonds issued by the company. These bonds will offer coupons ranging from 8.52 per cent to 9.10 per cent, which will be for different interest payment options.Also read: Note kept in pocket is real or fake! Scan address from your phone!

You can subscribe from 6 to 22 January

This second tranche of bonds to be issued by Shriram Transport will open for subscription on 6 January. In the information provided by the company, it has been said that it will be till January 22. This bond will be listed on the National Stock Exchange and the Bombay Stock Exchange.Also read: Cyrus Mistry case: Tata Sons challenged tribunal's decision in SC