Sejal Glass forays into the fixed deposit market

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 percent and 12 percent per annum respectively. In the cumulative scheme the company proposes to also launch a six monthly fixed deposit scheme at 11 percent per 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.