Epic Research Update : Shriram City Union Finance

Shriram City Union Finance is all set to raise Rs 200 crore from a public issue of secured Redeemable Non-Convertible Debentures (NCD) of face value of Rs 1,000 each. The issue will open on April 16, 2014 and the lead managers are ICICI Securities and A K Capital Services. The fund raising is up to Rs 100 crore with an option to retain oversubscription up to Rs 100 crore for issuance of additional NCDs aggregating to a total of up to Rs 200 crore.

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