JM FINANCIAL PRODUCTS LIMITED - Bombay Stock Exchange

II. Specific terms of each instrument:
Number of Debentures Upto 1,000 Debentures
Face Value Rs. 10 lakh each
Issue Size Upto Rs. 100 crore
Issue Price Rs. 10 lakh each
Minimum Subscription 1 Debenture or in multiples thereof
Tenor 910 days from Deemed Date of Allotment
Interest / Coupon Rate 11.00% p.a.
Type of Interest Fixed Rate
Interest Frequency / Period
Payable annually from the Deemed Date of Allotment and on the Put
Option Date or Redemption Date
Interest on Application Money Not Applicable
Put Option
The Debenture Holder(s) will have a one time “Put Option” on March 20,
2014 (“Put Option Date”) to be exercised by giving prior notice of the same
to the Company during the Put Option Notice Period (“Put Notice”). The
Put Option can be exercised by any Debenture Holder for all (not part) of
the NCDs held by it.
In the event of the Debenture Holder(s) exercising the “Put Option” as
aforesaid by issuing a Put Notice, interest on the Debentures would be
calculated for the period from the preceding Interest Payment Date till the
Put Option Date. The NCDs will be redeemed on the Put Option Date at Put
Option Exercise Price alongwith interest calculated as aforesaid.
Further, upon receipt by the Company of the Put Notice from the Debenture
Holder(s), such NCDs would not be permitted to be sold / transferred
thereafter.
Put Option Notice Period From February 19, 2014 upto and including March 5, 2014
Put Option Exercise Price At Face Value
Put Option Date March 20, 2014
Call Option None
Redemption Price Rs. 10 lakh each
Redemption Date March 20, 2015*
* Assuming that Put Option is not exercised by the Investor
Note: The Company reserves the right to amend the Tranche timetable.
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