Friday, September 28, 2012

BSNL DAY promotional offer by BSNL under GSM Services


 
BSNL Chennai Telephones has implemented 20% extra usage value on the following Top-up Vouchers/C-top-up/Flexi top-up under prepaid GSM services in Chennai Telephones for 07 days from 01.10.2012 to 07.10.2012.

The details are given below: 

Sl.No.
MRP of Topup Voucher/CTOPUP/Flexi Topup in Rs.(incl of S.Tax)
Usage Value offered with Topup Voucher in Rs.
1.
200
240
2.
500
600
3.
1000
1200
4.
6000
7200

Monday, September 17, 2012

Religare Finvest NCD issue details - Double your money in less than 6 years


Religare Finvest Limited is entering the capital market with a public issue of secured redeemable non-convertible debentures for Rs. 250 crore with an option to retain oversubscription of up to Rs. 250 crore. The issue opens for subscription from September 14 and closes on 27th September, 2012

The applicants will be allotted NCDs on a first-come-first-served basis. 
The proceeds of the issue will be used for various financing activities, including lending and investments and repayment of existing debt.

The company has two options under which a minimum of Rs. 10000 is to be invested. The face value of NCDs will be of Rs. 1000 each. Under option I, the NCDs will bear interest rate of 12.10% for category I, 12.25% for category II and 12.50% for category III and will have tenure of 60 months. Under option II the interest rates will be 12.00%, 12.15% and 12.25% respectively for the three categories and the tenure will be for a period of 36 months. Both these option have no put and call option attached.

The object of the issue are, Lending and investments, to repay the existing debt and working capital requirements.

The company, Religare Finvest Ltd is a wholly owned subsidiary of Religare Enterprises Limited  which is a diversified financial services company.

Investments to be made in Demat form only

Rating: ‘ICRA AA- (negative) / CARE AA-

Cheque / DD should be drawn in favour of ‘Escrow Account RFL NCD Public Issue-R’.

Listing at BSE and NSE

Public issue of secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 1,000 each aggregating upto Rs 250 crore with an option to retain oversubscription upto Rs 250 crore, aggregating to a total of upto Rs 500 crore by Muthoot Finance


The face value of each NCD is Rs 1,000 and the minimum application money is Rs. 10,000  for 10 NCDs  (Option I, Option II, Option III, Option IV and Option V either taken individually or collectively) and in multiples of one NCD thereafter.

The NCDs will be listed on BSE and NSE

The NCDs have been rated AA-/Stable by CRISIL and AA- /Stable by ICRA for an amount of upto Rs 500 crore.

The five difference options of NCD are:

Option I: The maturity date is 24 months from the deemed date of allotment and the interest is payable annually. The coupon rate and effective yield is 11.50% p.a. for NCD Holders in Category I, Category II and Category III.

Option II: The maturity date is 36 months from the deemed date of allotment and the interest is payable annually. The coupon rate and effective yield is 11.75% p.a. for NCD Holders in Category I, Category II and Category III.

Option III: The maturity date is 60 months from the deemed date of allotment and the interest is payable monthly. The coupon rate is 11.75% and effective yield is 12.40 % p.a. for NCD Holders in Category I, Category II and Category III.

Option IV: The maturity date is 60 months from the deemed date of allotment and the interest is payable annually. The coupon rate and effective yield is 12.00% p.a. for NCD Holders in Category I, Category II and Category III.

Option V: The maturity date is 72 months from the deemed date of allotment and effective yield is 12.25% p.a. and investment amount doubles in 6 years for NCD Holders in Category I, Category II and Category III.

The funds raised through this Issue will be utilised by the Company for various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure, working capital requirement and other general corporate purposes, after meeting the expenditures of and related to the Issue and subject to applicable statutory/regulatory requirements.

The lead managers to the issue are:

ICICI Securities Limited, A.K.Capital Services Limited, Edelweiss Financial Services Limited, Karvy Investor Services Limited, RR Investors Capital Services (P) Limited and SBI Capital Markets Limited.

Physical and Demat options available.

Cheque / DD should be drawn in favour of ‘“Escrow Account Muthoot Finance NCD Public Issue”.

Issue opens on 17.2.2012

Issue closes on 5.10.2012

Allotment of first come first served basis