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Thread: Shriram Transport Finance NCD Return 11.60% p.a.

  1. #1
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    Lightbulb Shriram Transport Finance NCD Return 11.60% p.a.

    Shriram Transport Finance Company Limited is India's largest player in commercial vehicle finance. 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 upto 1000 crores, through retail Non-Convertible Debentures (NCDs). Details of the issue are -
    Issue Period - June 27, 2011 to July 9, 2011
    Yield - Upto 11.60% p.a.

    Rating - "AA/Stable" by CRISIL / "CARE AA+" by CARE
    Issue Size - 1,000 crores on First Come First Serve Basis

    You will pick up maximum wrong numbers when on roaming.


  2. #2
    PW Stalwart v.r.s.nathan's Avatar
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    Default

    Is there any tax rebate if one invest in these NCDs?

  3. #3
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    Quote Originally Posted by v.r.s.nathan View Post
    Is there any tax rebate if one invest in these NCDs?
    There would not be a tax rebate as these are private NCDs.

  4. #4
    PolicyWala Newbie
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    Non-Convertible Debentures (NCDs) has no tax rebate provision. But you can invest in it to get more interest on your money.


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