State-run IFCI has come out with its public issue of secured, redeemable, non-convertible debentures of face value of Rs 1000 each for an amount aggregating up to Rs 2000 crore.
State-run NBFC IFCI has come out with its public issue of secured, redeemable, non-convertible debentures of face value of Rs 1000 each for an amount aggregating up to Rs 2000 crore.
The issue is going to open for subscription on October 20 which has scheduled to close on November 21, 2014.
Proceeds from the issue will be utilised towards lending minimum 75 percent of the amount raised and allotted in the issue; and for general corporate purpose: upto 25% of the amount raised and allotted in the issue.
Axis Trustee Services Limited is the book running lead manager and Karvy Computershare Private Limited is a registrar to the issue.
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IFCI's Rs 2000 cr NCD issue to open on October 20
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