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Religare Finvest Limited-Public Issue of Secured Non-Convertible Debentures. September 2011
Sep 6, 2011
Religare Finvest Limited-Public Issue of Secured Non-Convertible Debentures. September 2011
Issue Size: Rs. 400 Crores with option to retain oversubscription up to Rs. 400 Crores, aggregating to Rs. 800 Crores
Credit Rating: AA- by CARE & 'AA-(Stable)' by ICRA
Issuance and Trading: Compulsorily in Demat Form
Who Can Apply: Category III - Indian Residents, NRI, HUF's,(<= Rs. 5 lakh)
Category II - Corporates(Any Amount) & Individuals/HUF(more than 5 Lakhs)
Category I - QIB
Allocations on First cum first serve basis
NCD Options | I | II |
Tenor (in Months) | 60 M | 36 M |
Issuance and Trading | Compulsorily in Dematerlized form, to be listed in BSE | |
| Coupon (%) p.a. | ||
QIB | 12.10% | 12.00% |
NII /HNI – Individuals applying more than Rs. 5 lakhs | 12.25% | 12.15% |
Individuals applying upto Rs. 5 lakhs | 12.50% | 12.25% |
Redemption Date | 60 months from the Deemed Date of Allotment | 36 months from the Deemed Date of Allotment |
Redemption Amount | Repayment of the Face Value + any interest that may have accrued at the Redemption date | Repayment of the Face Value + any interest that may have accrued at the Redemption date |
To Invest: Email: shaguninvestment@gmail.com | Phone: 0-8872727282
Mutual Fund Update: Scheme Re-Name
Sep 8, 2011
Mutual Fund Update: Scheme Re-Name
18 schemes are set to be renamed by 12 different fund houses so that the scheme's name truly reflects the fund's investment mandate.
Mumbai: After scheme mergers, AMCs are going all out to rename their schemes.
Fund houses say the new scheme names reflect the scheme objective and the underlying portfolio better. Around 18 funds are proposed to be renamed by 12 fund houses.
Earlier Name | New Name |
Axis Tax Saver | Axis Long Term Equity |
BNP Paribas Future Leaders Fund | BNP Paribas Mid Cap Fund |
DSP BR Savings Manager Fund–Conservative Plan & Moderate Plan | DSP BR Savings Manager Fund-Aggressive Plan |
DWS Ultra Short Term Fund -Auto Sweep Plan | DWS Ultra Short Term Fund -Premium Plus Plan |
Edelweiss Income Advantage | Edelweiss Monthly Income Plan |
Edelweiss Monthly Interval Fund – Series I | Edelweiss Short Term Income Fund |
ICICI Prudential Equity and Derivatives Fund-Wealth Optimiser Plan | ICICI Prudential Equity and Derivatives Fund-Volatility Advantage Plan |
ICICI Prudential Growth Plan | ICICI Prudential Top 100 Fund |
ICICI Prudential Power Plan | ICICI Prudential Top 200 Fund |
IDFC Saving Advantage Fund | IDFC Liquid Fund |
ING Nifty Fund | ING Large Cap Equity Fund |
Kotak Income Plus | Kotak Monthly Income Plan |
Reliance Equity Advantage Fund | Reliance Top 200 Fund |
Religare Active Income Fund – Institutional Plan | Religare Active Income Fund – Plan B |
Religare Active Income Fund – Regular Plan | Religare Active Income Fund – Plan A |
Religare Short Term Plan – Institutional Plan | Religare Short Term Plan – Plan B |
Religare Short Term Plan– Regular Plan | Religare Short Term Plan – Plan A |
Tata Floating Rate Fund – Short Term | Tata Money Market Fund |
"The objective of changing the scheme name is to provide better clarity and linkage between the scheme's nomenclature and its key investment strategy and portfolio construct. For instance, ICICI Prudential Focused Equity was renamed ICICI Prudential Focused Bluechip Equity to bring to fore the fact that it invests only in around 20 blue chip stocks selected from the NSE top 100 stocks by market cap," says Aashish Somaiyaa, Head-Retail Business, ICICI Prudential Mutual Fund.
Himanshu Vyapak of Reliance Mutual Fund offers the same rationale for remaining one of its equity schemes. "The objective is to offer an enhanced investment universe to the existing investors of Reliance Equity Advantage Fund which is being renamed as Reliance Top 200 Fund. While maintaining the same positioning of a conservative large cap fund, it will be benchmarked to BSE 200" says Himanshu.
Another rationale behind renaming schemes is to provide a broader investment scope for the existing investors of a scheme which is being rebranded. Axis Mutual Fund wants to widen the appeal of its Axis Tax Saver by renaming it Axis Long term Equity. "The universe of investors looking for tax saving is smaller than the universe of people looking for diversified funds. By changing the scheme's name, I think it will open up a bigger market. There are no changes in the scheme except the name," says Rajiv Anand, Axis Mutual Fund.
In the past, AMCs had given imaginative names to their schemes which often confused the investors and advisors. The erstwhile Executive Director of SEBI, K N Vaidyanathan had complained that schemes with fancy names made it difficult for investors to understand their objectives.
Few AMCs are offering an exit option to investors if they disagree with the proposed change.
Do you think this move will help investors and advisors? Let us know.
Monday, 29 August 2011
Tuesday, 23 August 2011
Listing of Secured Redeemable Non-Convertible Debentures of India Infoline
CIRCULAR
Download Ref no. NSE/CML/18675
Ref. No. NSE/LIST/C/2011/0830 Date: August 22, 2011
To all Members,
Sub: Listing of Secured Redeemable Non-Convertible Debentures of India Infoline Investment Services Limited
In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from August 24, 2011 and the designated security codes thereof shall be as specified in Annexure.
In pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above shall be as specified in Annexure.
For the purpose of trading on the system, the security shall be identified only by its designated codes and trading in such securities shall be in such lot sizes as specified in Annexure.
This circular shall be effective from August 24, 2011.
For and on behalf of
National Stock Exchange of India Limited
Johnson Joseph
Chief Manager
Annexure
India Infoline Investment Services Limited
Symbol | IIISL | |||
Name of the Company | India Infoline Investment Services Limited | |||
Face value of NCDs (Rs. /NCD) | Rs. 1000/- | |||
Paid up value (Rs.) | Rs. 1000/- | |||
Issue Price (Rs. / NCD) | Rs. 1000/- | |||
Series | N1 | N2 | N3 | N4 |
ISIN | INE866I07206 | INE866I07214 | INE866I07222 | INE866I07230 |
Security Description | Secured Redeemable Non-Convertible Debentures – Option I: 11.7% Per Annum. | Secured Redeemable Non-Convertible Debentures - Option II: 11.7% Per Annum. | Secured Redeemable Non-Convertible Debentures - Option III – All Other NCD Holders: 11.7% Per Annum. | Secured Redeemable Non-Convertible Debentures - Option III – Reserved & Un Reserved: 11.9% Per Annum. |
No. of Securities | 3643901 | 345548 | 202408 | 3308143 |
Distinctive number range | 1-3643901 | 1-345548 | 1-202408 | 1-3308143 |
Coupon (%) | 11.70% Per Annum | Zero Coupon Bond | 11.70% Per Annum | 11.90% Per Annum |
Date of Allotment | 18-Aug-2011 | |||
Redemption date | 18-Aug-2014 | 18-Dec-2014 | 18-Aug-2016 | 18-Aug-2016 |
First Interest payment date | 01-Apr-2012 | N.A. | 01-Apr-2012 | 01-Apr-2012 |
Credit Rating | “CARE AA-” by CARE and “[ICRA] AA- (Stable)” by ICRA | |||
Market lot | 1 | |||
Note: For more details refer Annexure I enclosed.
The Bonds of India Infoline Investment Services Limited (Symbol: IIISL) shall be traded in the Normal Market segment (Rolling Settlement) in compulsory demat for all investors.
Address of Registered Office of the Company:
The Company Secretary
India Infoline Investment Services Limited,
IIFL House, Sun Infotech Park ,
Road No 16V, Plot No.B-2,
Thane Industrial Area,
Wagle Estate, Thane,
Mumbai – 400 604
Tel: 022 – 25806650
Fax: 022 - 25806654
Address of Corporate Office of the Company:
The Company Secretary
India Infoline Investment Services Limited,
Senapati Bapat Marg,
Tel: 022 – 42499000
Fax: 022 - 24954313
Company Secretary: Mr. Binoy Parikh
Web Site: www.iiflinvestments.com
Email id: binoy.parikh@indiainfoline.com
Financial Year: April to March
Address of Registrar:
Link Intime India Private Limited
C - 13, Pannalal Silk Mills Compound,
LBS Marg, Bhandup (West),
Mumbai - 400078
Tel: 022- 25960320
Fax: 022-25960329
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