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Dividend Dividend for the period No. of Day Count Applicable Dividend Payment
Payment Date From and Upto and Days Convention Rate of Amount made and
and including including Dividend per received by
Redemption/ NCRCPS the holders
Maturity Date (Rs.) of NCRCPS
(Rs.)
30-Sep-15 (subscription to NCRCPS of the Company by the Investors) -15,000.00
30-Jun-16 30-Sep-15 31-Mar-16 184 366 16.46% 620.62 620.62
30-Jun-17 01-Apr-16 31-Mar-17 365 365 16.46% 1,234.50 1,234.50
30-Jun-18 01-Apr-17 31-Mar-18 365 365 16.46% 1,234.50 1,234.50
30-Jun-19 01-Apr-18 31-Mar-19 365 365 16.46% 1,234.50 1,234.50
30-Jun-20 01-Apr-19 31-Mar-20 366 366 16.46% 1,234.50 1,234.50
30-Jun-21 01-Apr-20 31-Mar-21 365 365 16.46% 1,234.50 1,234.50
30-Jun-22 01-Apr-21 31-Mar-22 365 365 16.46% 1,234.50 1,234.50
30-Sep-22 01-Apr-22 29-Sep-22 182 365 16.46% 615.56 15,615.56
XIRR 8.10%
* The cash flows given above are illustrative only. All the Dividend Payment Dates have been assumed as June 30 and
therefore the Dividend has been calculated at the rate of 16.46%. However in case if the Issuer pre-pones and makes the
payment of Dividend on March 31 or earlier, for any Dividend period, the Rate of Dividend for such Dividend period shall
applied at the rate of 16.16% p.a. on the face value amount of the NCRCPS. Further Dividend Payment Dates,
Redemption/ Maturity Date, Dividend Amount shall need to be adjusted for Business Day Convention as detailed in the
Private Placement Offer Letter
Redemption Premium . 7,500 per NCRCPS
Redemption Amount Face value amount of Rs. 7,500 per NCRCPS plus Redemption Premium of
Rs. 7,500 per NCRCPS plus any Dividend accrued but not paid on any
previous Dividend Payment Date(s) as well the Dividend accrued upto the
Redemption Date
Transfer The NCRCPS shall be freely transferrable subject to guidelines laid down by
SEBI, RBI, Depositories and Memorandum and Articles of Association of
the Issuer, subject to any Body Corporate not holding more than one half of
the total share capital of the Company either on its own or together with one
or more of its subsidiary companies
Mode of Redemption In pursuance of sub-rule (6) of rule 9 of the Companies (Share Capital &
Debentures) Rules, 2014, the Company shall redeem the NCRCPS as per terms
specified in this Private Placement Offer Letter or as varied after due approval of
holder(s) of NCRCPS under section 48 of the Companies Act, 2013
Background of Company :
Infrastructure Leasing & Financial Services Limited was incorporated on September 3, 1987 as a public limited
company under the provisions of the Companies Act, 1956
IL&FS was initially promoted by erstwhile Unit Trust of India, Central Bank of India and Housing Development
Finance Corporation Limited
At present, the institutional shareholders of IL&FS include, Life Insurance Corporation of India, Housing
Development Finance Corporation Limited, Central Bank of India, State Bank of India, ORIX Corporation, Japan
and Abu Dhabi Investment Authority
IL&FS is a professionally managed organisation with the Board of Directors comprising of nominees of the
institutional shareholders and Independent Directors
The Issuer has been continuously adapting to the dynamics of the business environment, and over the years, has
evolved a robust structure for development and implementation of wide array of infrastructure projects
In order to implement infrastructure projects in a focussed manner as well as to attract and retain talent needed to
foster the initiatives in their respective fields, the Issuer has created various business verticals, viz:
These business verticals in turn act as holding or operating entities for development and implementation of various
projects of their respective sectors.
The foregoing structure has been successful in enabling IL&FS to induct strategic or private equity investors in the
sector specific business verticals or in the downstream special purpose vehicles and thereby creating and enhancing
the value of the respective business verticals.