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Shriram Transport Finance Company Limited |
| Shriram Transport Finance Company (STFC) was established in 1979 and has a long track record of over three decades in the commercial vehicle financing industry in India. STFC has been registered as a deposit-taking NBFC with the RBI since 4th Sept '2000 under Section 45IA of the Reserve Bank of India Act, 1934. STFC is a part of the Shriram group of companies which has a strong presence in financial services in India, including commercial vehicle financing, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products. |
| Why to invest in Shriram Transport Finance Company Limited (NCD) »The NCDs offer an opportunity to lock in at an interest rate of 11.15% p.a. for 5 years. »Healthy credit rating of '(CARE) +' and 'CRISIL AA/Stable'. »The bonds would be listed on both NSE & BSE to provide liquidity to the investors. »Tax will not be deducted at source from interest payable on such NCDs held by the investor (in case of resident Individuals and HUFs for NCDs held in physical form), if such interest does not exceed Rs.5,000 in any financial year. »Wealth Tax is not levied on investment in Bonds under Section 2 (ea) of Wealth-Tax Act,1957. »As per provisions under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a listed Bond is treated as a long term capital asset if the same is held for more than 12 months immediately preceding the date of its transfer. Under section 112 of the I.T. Act, capital gains arising on the transfer of listed Bonds shall be taxed @ 10% without indexation; |
| INVESTMENT DETAILS (For details, please refer Issue related all documents) | Series | I | II | III | IV | V | | Face Value/Issue Price (`) per NCD | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | | Frequency of Interest Payment | A n n u a l | A n n u a l | Monthly | Not Applicable | Not Applicable | | Coupon (% Per annum) (A) | 9.65% | 9.80% | 9.40% | Not Applicable | Not Applicable | | Additional Incentive on Coupon (% Per annum) on Any Record Date -(B) | NCD Holders who are Individuals | NCD Holders who are Non Individuals | NCD Holders who are Individuals | NCD Holders who are Non Individuals | NCD Holders who are Individuals | NCD Holders who are Non Individuals | Not Applicable | Not Applicable | | 1.25% | Nil | 1.35% | Nil | 1.23% | Nil | | Aggreate of Coupon and Additional Incentive on any Record Date (% per annum)= (A) + (B) | NCD Holders who are Individuals | NCD Holders who are Non Individuals | NCD Holders who are Individuals | NCD Holders who are Non Individuals | NCD Holders who are Individuals | NCD Holders who are Non Individuals | Not Applicable | Not Applicable | | 10.90% | 9.65% | 11.15% | 9.80% | 10.63% | 9.40% | | Tenor | Thirty Six Months | Sixty Months | Sixty Months | Thirty Six Months | Sixty Months | | Minimum Application (No.) | 10,000/- (10 NCDs) across all series taken individually or collectively | |
| Disclaimer: | | The information contained herein is confidential and is intended solely for the addressee(s). Any unauthorized access, use, reproduction, disclosure or dissemination is prohibited. This report is for information purposes only and does not constitute or form part of and should not be construed as, any offer for sale or subscription of or any invitation to or advertisement for offer to buy or subscribe for any security/bonds of Shriram Transport Finance Company Limited ("STFC/The Company") and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This report has been prepared from the publicly available information.. The information and opinions on which this communication is based have been complied or arrived at from sources believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, correctness and are sub! ject to change without notice. IIFL - India Infoline Ltd. and/ or its clients may have positions in or options on the securities mentioned in this report or any related investments, may affect transactions or may buy, sell or offer to buy or sell such securities or any related investments. Neither IIFL – India Infoline Ltd. nor any of its affiliates shall assume any legal liability or responsibility for any incorrect, misleading or altered information contained herein. The material/ charts contained in this document are based on information that is publicly available, including information developed in-house. The report / recommendations contained in the report are the personal views and opinions of the author and are not to be construed as advice. IIFL or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. The recipient alone shal! l be responsible for any decision taken on the basis of this report. A ny person who subsequently subscribes for any bonds issued by the Company must rely solely on the publicly available information including the Prospectus issued in connection with the Issue on the basis of which alone subscription for the debentures may be made. The recipients of this report should rely on their own investigations; seek appropriate professional advice, before dealing and or transacting in any of the products/ instrument referred to in this report. Products/ Instruments are subject to market risks and returns may fluctuate depending on various factors. Past performance of the products/instruments does not indicate the future prospects & performance thereof. Such past performance may not be sustained in future. The investors shall obtain, read and understand Prospectus and should pay particular attention to the section of the Prospectus entitled "Risk Factors".and/or any other relevant. | |
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| INDIA INFOLINE LTD (Regd. Office) - IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane - 400 604. Tel: (91-22) 2580 6650 • Fax: (91-22) 2580 6654 SEBI REGN NO.: BSE (Cash) INB 011097533, BSE (F&O) INF 011097533, NSE (Cash) INB 231097537, NSE (F&O) INF 231097537, NSE (CDS) INE 231097537, DEPOSITORY: IN DP NSDL 185 2000, IN DP CDSL 352 2006 | AMFI REGN NO.: ARN-47791, MCX-SX: INB/INF 261097530 , INE261097537, India Infoline Commodities Limited: NCDEX: NCDEX-CO-04-00378 & MCX:10470 | |
