Subordinated Debts

Subordinated Debts Overview

The private placement of the Subordinated Debt is being made to enhance the long term resources of the Company and to augment the business activities carried on by the Company which mainly consists of the financing of vehicles. This will be treated as a part of Tier II capital of the Company The Subordinated Debt shall be in the form of non-marketable certificate. It is unsecured and is subordinated to the claims of other creditors.