9.88% Arka Fincap Limited (INE03W107033)

Arka Fincap Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE03W107033, with a face value of ₹10,00,000 rs on 19Jun20 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.88% and its interest is paid Quarterly. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 9.88% SECURED RATED LISTED REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES III. DATE OF MATURITY 19/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Jun20. CRISIL RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 29May20. This issuer is formerly known as KIRLOSKAR CAPITAL LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.