It plans maiden public issue of secured, redeemable NCDs of face value of Rs 1,000 each aggregating up to Rs 500 crore with an option to retain over subscription up to Rs 500 crore, aggregating to a total of up to Rs 1,000 crore.
The NCD issue with three investment options and effective yield of up to 12.25 per cent a year opens on August 23 and closes on September 5, 2011.
Published 16 August 2011, 15:40 IST