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 4 th public issue of Secured NCDs of face value of Rs.1,000 each. The Issue opened on Tuesday , Januar