The bank issuing three million units of debenture with a face value of Rs 1000.out it’s the total offered units, the bank will issue 1.2 million units to the general public and the remaining 1.8 million units will be issued to private financers. The bank has allocated 5 percent units out of general public quota to mutual funds .
The issue will close early on December 14 and lately on December 24. The interested investors can apply for a minimum of 25 and maximum of all units of debentures.
The bank has appointed Laxmi Capital as its issue manager. The applicants can apply from all C-ASBA approved BFIs.
Care Ratings have assigned BBB- rating to the issue indicating moderate risk.
