Mumbai, Sept. 17 -- These NCDs would be listed, rated, senior, secured, transferable and redeemable in nature. The issue would comprise of a base issue size of Rs 50 crore and a green shoe option of up to Rs 50 crore.

The said NCDs would carry a coupon rate of 10% per annum, which would be paid out on a quarterly basis. The tenor of the instrument is 27 months.

The NCDs shall be secured by a pari passu charge by way of hypothecation in favour of the debenture trustee for the benefit of the debenture holders over all standard loan receivables, present and future. The company shall maintain the minimum security cover of atleast 1.10x at all times during the tenure of the debentures.

The date of allotment and the date of maturity Will be ...