NCD – Neesa Technologies Ltd – 14.35%
Neesa Technology Ltd established in 2000, is an IT & IT enable services company based in Ahmedabad. NTL is a group concern of well diversified Neesa Group conglomerate. Neesa group is a diversified business conglomerate operating in Hospitality , Education, Agritech, Information Technology, Infrastructure and Food Processing.
NTL provide Software, Hardware and Data center Services solutions. NTL has its delivery centers at Ahmadabad, Gandhi Nagar, Bengaluru, Udaipur, Neermrana, Gurgaon NCR, Kerala and Goa and client from USA, UK , Australia include India.
NTL plan to venture the television broadcasting industry by launching it maiden national new channel ” Jano Duniya”. The channel ” Jano Duniya “ is proposed as a 24 hour, Regional News and current Affairs Channels for the entire Hindi Speaking market especially for Gujarat, Rajasthan, and Madhya Pradesh and subsequently shall cover Mumbai, Delhi-NCR, Bihar, Zarkhand. The company foresees an opportunity for News and Current Affairs Channels in Hindi speaking market. Jano Duniya is Free to Air Channel.
The project cost of Rs 22.50 Cr. for the channel is proposed to the met through promoters contribution of Rs 12.50 Cr and Issue of Non-convertible debenture of 10 Cr. The proposed debt of Rs 10 Cr. is to be secured by charge of current Assets created from proposed project
Secure NCD Details
|Issuer||Neesa Technologies Ltd|
|Issue||Issuance of Secured NCD aggregating upto 10 Cr.|
|Credit Rating||BWR BB : Outlook Stable|
|Minimum Investment||Rs. 1,00,000 (1 NCD)|
|Face Value||Rs. 1,00,000|
|Issue open||26 April 2013|
|Interest on Application||14.35% p.a. or lower (payable Quarterly)|
|Trustee||IDBI Trusteeship Services Ltd|
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