Aad­har Hous­ing Fi­nance NCD is­sue opens on 14th Septem­ber

Money Times - - Press Release -

Aad­har Hous­ing Fi­nance Ltd (AHFL), a de­posit tak­ing hous­ing fi­nance com­pany (HFC), plans to raise Rs.1400 crore through is­sue of se­cured re­deemable non-con­vert­ible deben­tures (NCDs) of face value Rs.1000, ma­tur­ing in 3, 5 and 10 years. The base size of the is­sue is Rs.500 crore with an op­tion to re­tain over­sub­scrip­tion up to Rs.900 crore. The is­sue, which car­ries an in­ter­est of 9.6% - 9.75%, will close on 28 Septem­ber 2018. The NCDs un­der this is­sue have been as­signed ‘CARE AA+ (SO)’ and ‘BWR AA+ (SO)’ rat­ings by CARE Rat­ings and Brick­work Rat­ings re­spec­tively.

Gar­den Reach Ship­builders & En­gi­neers Ltd (GRSE) plans to raise Rs.345 crore through its IPO in the price band of Rs.115-118 for its Rs.10 paid-up eq­uity share. The IPO is a pure of­fer for sale (OFS) of 29,210,760 eq­uity shares by the pro­moter i.e. the Pres­i­dent of In­dia, act­ing through the Min­istry of De­fence. The is­sue closes on Wed­nes­day, 26 Septem­ber 2018.

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