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NCD Buyback Programme

NCD Buyback Programme - Voluntary

The Company has launched a programme for Buyback of Secured Redeemable Non-convertible Debentures issued by the Company through the Public Issue 2009. This is in accordance with the master letter of offer and the price sheet displayed on this website from time to time. Investors are requested to refer to the Master Letter of Offer, available on this website, for full details of the programme.

 

Each debenture holder can tender a maximum of upto 100 debentures for buyback per quarter. The maximum number of Debentures bought back by the Company per Quarter across all series shall not exceed 5,00,000 Debentures on a first come first serve basis.

Price Sheet for the period Sept 01 to 15, 2017
Date of Price Sheet: Date of Price Sheet: Sept 01, 2017
Interest Payment:
Semi-annual
Face Value (INR):
1,000/-
ISIN Number:
INE523E07459
Interest Payment:
Semi-annual
Face Value (INR):
1,000/-
ISIN Number:
INE523E07459
172431214
Buyback Tender Date Date of Settlement Clean Price(A)# Accrued (B)* Buyback Price(A+B)
         

 

#Based on FIMMDA values as of two days prior to date of Price Sheet

 

*Accrued interest up to one day prior to the date of settlement. In case the settlement date mentioned above is subsequently declared a bank holiday or a non business day in Mumbai due to any unforeseen circumstances/ event, then the settlement would take place on the following business day and the accrued interest would be adjusted accordingly.

Buyback Tender Date Date of Settlement Clean Price(D)# Accrued (E)* Buyback Price(D+E)
01-Sep
05-Sep
1054.30 44.33
1098.63
04-Sep
06-Sep
1054.30 44.61
1098.91
05-Sep
07-Sep
1054.30 44.89
1099.19
06-Sep
08-Sep
1054.30 45.17
1099.47
07-Sep
11-Sep
1054.30 46.01
1100.31
08-Sep
12-Sep
1054.30 46.29
1100.59
11-Sep
13-Sep
1054.30 46.57
1100.87
12-Sep
14-Sep
1054.30 46.85
1101.15
13-Sep
15-Sep
1054.30 47.13
1101.43
14-Sep
18-Sep
1054.30 47.97
1102.27
15-Sep 19-Sep 1054.30 48.25 1102.55

 

#Based on FIMMDA values as of two days prior to date of Price Sheet

 

*Accrued interest up to one day prior to the date of settlement. In case the settlement date mentioned above is subsequently declared a bank holiday in Mumbai due to any unforeseen event, then the settlement would take place on the following business day and the accrued interest would be adjusted accordingly.

 

PRICING

 

The pricing of the debentures is based on the PDAI-FIMMDA benchmark G-sec yields and benchmark spreads for the relevant tenor of the NCDs. For further details, please refer to the Section on Pricing available in the Master Letter of Offer available on our website. Such price maybe lower than/ higher than or equal to the price at which the debentures are trading on the stock exchanges. Such price may be lower than / higher than or equal to the face value of the debentures.

 

As per the Master Letter of Offer for the Buyback, if any series of debentures is due for maturity within the forthcoming three months, the buyback scheme will be closed for such debentures. Also, if there is an interest payment due on any of the series, then the buyback program will be temporarily discontinued from the record date upto the date of interest payment.

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Registrar and Share Transfer Agent

M/s. Link Intime India Pvt. Ltd.

 

Address for correspondence

C-101, 247 Park,

L.B.S. Marg, Vikhroli (W),

Mumbai 400 083

Tel.No. +91 22 49186000

Fax No. +91 22 49186060

Email: ltfinbuyback@linkintime.co.in

Toll Free No. 1800 2208 78

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L&T Finance Limited

Registered Office

7th Floor, Technopolis,

A- WingPlot No 4,

Block - BP, Sector - V,

Salt Lake, Kolkata 700091

 

Address for correspondence

City - 2, 177 - C.S.T Road,

Kalina, Santacruz (E),

Mumbai 400 098

Tel No: +91 22 66217300

Fax No: +91 22 66217509

Email: ncdbuyback@ltfinance.com

Compliance Officer: Mr.Amit Bhandari

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Forms

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1x1_refund_status

Unclaimed/Unpaid Refund Status