Thursday, September 13, 2018

NCD Offer : Indiabulls Commercial Credit Limited - Avoid

Image result for india bull commercial credit promoters


Issue Details:
 
Issue open / closes on
11-09 / 28-09-2018
Issue size
Rs 1000 Cr, option retain another Rs 1000 Cr
FV /unit price
Rs 1000
Type of Security
Secured Redeemable Non-Convertible Debentures.
Promoters
Wholly owned subsidiary of IBHF Company
Business
Mortgage based financing


BRLMs
Edelweiss Financial Services Limited, A. K. Capital Services Limited, Axis Bank Limited, Trust Investment Advisors Private Limited, Yes Bank Limited and Yes Securities (India) Limited
NCD grading
CRISIL AAA/Stable by CRISIL and CARE AAA; Stable by CARE.
Remarks :

Another IL&FS is in the making.

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