Issuer

ECL Finance Limited

Type of Instrument

Secured redeemable non-convertible debentures

Seniority

Senior (the claims of the NCD Holders shall be superior to the claims of any unsecured creditors, subject to applicable statutory and/or regulatory requirements. The NCDs would constitute secured obligations of ours and shall rank pari passu inter se, present and future and subject to any obligations under applicable statutory and/or regulatory requirements, shall also, with regard to the amount invested, be secured by way of first pari passu charge on the identified immovable property and a first pari passu charge on current assets, book debts, loans and advances, and receivables including gold loan receivables, both present and future, of our Company.

Listing

BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE")

Rating of the Instrument

 CARE AA' [Double A] by CARE & '[ICRA] AA (Stable)' by ICRA

Issue

Public Issue by our Company of Secured Redeemable NCDs aggregating up to Rs 400 Crores with an option to retain over-subscription up to Rs 400 Crores aggregating to a total of up to Rs 800 Crores.

Total Issue Size

Base Issue as mentioned in the respective Tranche Prospectus(es) with an option to retain oversubscription upto the rated size, as specified in the Shelf Prospectus

Interest on Application Amount

5%

Issue Price (Rs per NCD)

Rs 1000/-

Face Value (Rs per NCD)

Rs 1000/-

Deemed Date of Allotment

The date on which the Board or a duly authorized committee approves the Allotment of NCDs or such date as may be determined by the Board of Directors or duly authorized committee and notified to the Designated Stock Exchange. All benefits relating to the NCDs including interest on the NCDs shall be available to the investors from the Deemed Date of Allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment.

Mode of Allotment

Both in physical and dematerialised form.

Trading mode of the Instrument

The trading of the NCDs on the stock exchange shall be in dematerialized form only.

Depository

NSDL and CDSL

Debenture Trustee

Axis Trustee Services Limited

Lead Managers to the Public Issue

Axis Capital Limited and Edelweiss Financial Services Limited

Registrar to the Issue

Link Intime India Private Limited

Tenure

36 Months

60 Months

Frequency of Interest Payment

Monthly

Annual

Cumulative

Monthly

Annual

Cumulative

Coupon (%) for Category I, Category II and Category III

10.00%

10.45%

NA

10.15%

10.60%

NA

Effective Yield for Category I, Category II and Category III (per annum)

10.47%

10.45%

10.45%

10.64%

10.60%

10.60%