8.40% Avanse Financial Services Limited (INE087P07196)

Avanse Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE087P07196, with a face value of ₹10,00,000 rs on 29Sep21 to raise 250 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 8.40% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE.SERIES 13. DATE OF MATURITY 29/09/2023. 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 01Oct21. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 29Sep21. This issuer is formerly known as AVANSE FINANCIAL SERVICES PRIVATE LIMITED, ABHIVRUDDHI HOLDINGS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.