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Sejal Glass forays into the fixed deposit market

Post Time:Feb 12,2009Classify:Industry NewsView:106

Sejal Architectural Glass Ltd. [India], a leading player in the architectural glass solutions, as part of its strategic initiative to reach out to the masses, has introduced a fixed deposit scheme by inviting deposits from the public, shareholders and employees of the company.

SAGL will offer non-cumulative and cumulative fixed deposit schemes for a period of 1, 2 and 3 years bearing an interest of 11.5 percent, 12 percentand 12 percentper annum respectively. In the cumulative scheme the company proposes to also launch a six monthly fixed deposit scheme at 11 percentper annum. The minimum investment amount for its fixed deposit scheme will be Rs. 10,000 [$204.6 ] and in multiples of Rs. 1,000 [$20.46] thereafter.

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Source: http://www.glassmagazine.com/news-item/commercial/sejal-glass-forays-fixed-deposit-marketAuthor:

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