Day: 17 April 2014

Apr172014 by wealth18.comNo Comments

Shriram City Union Finance NCD April 2014 – Details & Review

Bonds

Shriram City Union Finance has opened its public issue of NCDs on 16th April 2014 and it closes on 16-May-2014 ( Closed early on 21-April-2014) Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 200 crores Listing – Proposed to be listed on BSE & NSE Credit Rating - AA by CARE Investment option – Annually / Cumulative Interest for 3 yrs, 4 yrs, 5 yrs About Company Shriram City Union Finance Limited (SCUF) is a part of the Chennai based Shriram group of companies and the sister concern of Shriram Transport Finance. They are entering the debt market second time. SCUF is incorporated in 1986 and is registered with the Reserve Bank of India as a deposit-taking non-banking finance company (NBFC) with its presence in gold loans, small business finance loans, auto loans, two-...

Apr172014 by wealth18.comNo Comments

FIIs raise holdings in mid-cap companies in March 2014 quarter

Stocks

Foreign institutional investors (FIIs) have traditionally remained skeptical about mid-caps because of corporate governance concerns and lack of liquidity in the stocks, but they have increased their stakes in the counters in the March 2014 quarter. Brokers said the difference in valuations between large-caps and midcaps had widened significantly in January, resulting to FIIs' interest in them. The list shows these investors bought shares of companies with strong growth prospects or cheap valuations. Increase in FII Holdings Decrease in FII Holdings Source: ET