Shriram Transport Finance Co. Ltd. is the largest asset financing NBFC with assets under management of Rs. 291.26 billion. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks and a market share of 20-25%.
Source ICICIDirect.com
Issue Period : May 17, 2010 to May 31, 2010
Rate of Interest: upto 9%. Refer the chart below for more details.
Rating : Very good and stable rating by CRISIL.
| Tenure (months) | Min Amount (Rs) | Multiples (Rs) | Rate of Int. (% p.a.) |
|---|---|---|---|
| 12 | 25000 | 1000.0 | 8.00 |
| 24 | 25000 | 1000.0 | 8.50 |
| 36/48/60 | 25000 | 1000.0 | 9.00 |
Final Thoughts
It is a good investment option for someone looking to add stable investment to his portfolio. If you have more queries do share them in comments.
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There are several others which provide better options for Non-convertible debentures. For example, Indian Express group provides starting at 10%, JP associates take starting at 10.5%.
Also, ABT Industries provide at 10% and more.