Religare Finvest Limited – NCD Issue Sept 2012
Religare Finvest Limited – NCD Details & Review
12.50% return on 5 year secured NCD from Religare Finvest seems attractive for retail investors. The issue is opening on 14th Sep (on first come first served basis) and offering rates better than recent NCDs of Muthoot Finance (12%) & Shriram City Union (11.75%)
Religare Finvest Limited, a subsidiary of Religare Enterprises Limited intends to raise Rs 500 crore from the capital market through its public issue of Secured Redeemable Non-Convertible Debentures. This NCD is offering yield upto 12.6%.
About the Company
Religare Finvest Limited is subsidiary of Religare Enterprises Limited (REL), a diversified financial services company. It is a Non-Deposit Accepting NBFC, focusing on small and medium enterprises (SME) financing and reta...