Mumbai, Oct. 10 -- Indel Money has announced the public issue of 30 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 300 crore.

The base size issue is Rs 150 crore, with an option to retain over-subscription up to an additional Rs 150 crore (Green Shoe Option) aggregating up to Rs 300 crore.

The issue is scheduled to open on 13 October 25 and close on 28 October 25, with an option of early closure or extension.

There are 8 series of NCDs carrying fixed coupons and having a tenure of 366 Days, 24 Months, 36 Months, 60 Months and 72 Months with monthly and cumulative interest payment options.

An effective yield (per annum) for the NCD holders in all categories...