Indel Money Limited Launches Public Issue of up to Rs. 200 crores of Secured, Redeemable Non-Convertible Debentures (NCDs)
Indel Money Limited Launches Public Issue of up to Rs. 200 crores of Secured, Redeemable Non-Convertible Debentures (NCDs) Secured NCDs of face value of Rs.1,000 each
The Issue includes a Base Issue Size for an amount of up to Rs.100 crores with an option to retain over-subscription up to Rs. 100 crores aggregating up to Rs.200 crores
issue opens on Tuesday, January 30th, 2024 and closes on Monday, February 12th, 2024
Doubling of investment in 72 months – Option VIII
Coupon yielding up to 12.25% per annum
Secured NCDs with tenure ranging from 366 days to 72 months
Minimum application size 10 NCDs (Rs.10,000) across all Options of NCDs
Chennai, 31 January 2024
Indel Money Limited, one of the fastest growing NBFC in the gold loan sector, announced the 4th public issue of Se...