L&T Finance Ltd. NCD
L&T Finance Ltd., has come out with an IPO of Secured Redeemable NCD for Rs.1000 Crs ( Rs.500 Crs. with an option to retain oversubscription upto Rs.500 Crs. ).
L&T Finance Ltd., has come out with an IPO of Secured Redeemable NCD for Rs.1000 Crs ( Rs.500 Crs. with an option to retain oversubscription upto Rs.500 Crs. ).
IPO opens on 18/08/09.
Tenor - 60, 88 & 120 months.
Very attractive interest rates - 10.24% for 120 months ( against the prevailing interest rates of around 8% in the market for other instruments)
Minimum investment Rs.10,000/- & Maximum investment under retail category Rs.1 Lac.
Retail Category restricted ONLY to Individuals & HUFs.
NO TDS - whatever may be the investment amount.
CARE AA+ rating by CARE & LAA+ rating by ICRA.
Demat account is mandatory as allotment is only on electronic mode.
Allotment on "First Come First Serve" basis.
Listing in NSE - to ensure any time liquidity.
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