ICFC Finance Limited has launched a public issue for its ‘8% ICFC Finance Limited Debenture-2089’ starting from Falgun 11, 2082. This debenture offers an annual interest rate of 8% for a term of 7 years. Out of the total Rs. 50 crore worth of debentures, Rs. 20 crore (2 lakh units) are allocated for the public, including 10,000 units reserved for mutual funds, while the remaining Rs. 30 crore is for private placement.
Interested investors can apply for a minimum of 25 units and a maximum of 200,000 units at a face value of Rs. 1,000 per unit. The application window is scheduled to close on Falgun 14 at the earliest and can extend until Falgun 25, 2082. Applications should be submitted through the C-ASBA system using ‘Mero Share’. Kumari Capital Limited is serving as the issue manager for this offering.
