8.40% Arka Fincap Limited - AA Rated (INE03W107082)

Arka Fincap Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE03W107082, with a face value of ₹10,00,000 rs on 26Nov21 to raise 75 crores. The debt instrument is issued with a coupon rate of 8.40% and its interest is paid Annually. 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 8.4% SECURED RATED LISTED REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT. SERIES VII. DATE OF MATURITY 26/11/2024. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 01Dec21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 15Nov21. 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.