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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
| 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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