Earn upto 11.25% p.a. on Shriram Transport Finance NCD

Dear Kundapur Govardhana Kini, Shriram Transport Finance Co. Ltd. is the largest asset financing NBFC with assets under management of Rs. 291.26 billion. The company is a 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 Rs. 500 crore, through retail Non-Convertible Debentures (NCDs). Details of the issue are as follows:   ISSUE DETAILS Issue Period May 17, 2010 to May 31, 2010 Yield Upto 11.25% p.a. Rating "CARE AA+" by CARE & "AA/Stable" by CRISIL for Secured NCD's "CARE AA" by CARE & "AA/Stable" by CRISIL for Unsecured NCD's Issue Size Rs. 500/- crore on First Come First Serve Basis         To know more click here       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 The NCDs will be issued in Demat mode only             Sincerely,     ICICIdirect.com

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