India Infoline Finance NCD issue closed september 7 2012

Indonesia stock info - India Infoline Finance NCD issue closed september 7 2012 ; The public issue of NCDs of India Infoline Finance Limited ("Company"), which opened for subscription on September 5, 2012, and was scheduled to close on Tuesday, September 18, 2012, with an option for early closure, has successfully closed on September 7, 2012. According to the stock exchanges data, the subscription figures show that the collections crossed the Rs. 5,890 million mark on September 7, 2012, indicating a subscription of over 2.36 times. The authorised committee of Directors of the Company in a meeting held on September 6, 2012 vide resolution dated September 6, 2012, decided to close the issue on Friday, September 7, 2012.

All the categories under the Issue were oversubscribed. As per the stock exchanges data, Categories III (retail individual investors and Hindu families) has been subscribed to approximately around 2.57 times under the issue were oversubscribed. As per the stock exchanges data, Categories II has been subscribed to approximately around 2.35 times under the issue were oversubscribed. As per the stock exchanges data, Categories I (Institutions) has been subscribed to approximately around 2.09 times under the issue were oversubscribed.

Mr. R. Venkataraman, Director, India Infoline Finance Ltd., said, "We thank investors for their enthusiastic response to our NCD issue. These funds will further boost our capital adequacy and finance our growth in days to come. I am glad that our NCD issue got a very good response from all classes of investors – be it retail, HNI or QIB."

The Company had planned to raise upto Rs. 2,500 million, ("Base Issue") with an option to retain over-subscription upto Rs. 2,500 million, aggregating to a total of upto Rs. 5,000 million, ("Overall Issue size"). The NCDs are in the nature of subordinated debt and eligible for Tier II capital. The NCDs will be listed on National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and will have a tradable lot size of 1 NCD.

The NCDs under this Issue have been rated '[ICRA]AA- (stable)' by ICRA, and 'CRISIL AA-/Stable' by CRISIL. The above ratings indicate high degree of safety for timely servicing of financial obligations and these instruments carry very low credit risk.

The lead managers to the public issue of NCDs are Axis Bank Limited, SBI Capital Markets Limited, Edelweiss Financial Services Limited, Trust Investment Advisors Private Limited and India Infoline Limited (only for marketing of the Issue), while the Co-lead managers to the Issue are RR Investors Capital Services (P) Limited and Karvy Investor Services Limited.

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