10.50% Avanse Financial Services Limited (INE087P08012)

Avanse Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE087P08012, with a face value of ₹10,00,000 rs on 16Mar16 to raise 25 crores. The debt instrument is issued with a coupon rate of 10.50% 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 Unsecured Debenture is 10.50% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SUBORDINATE DEBT SERIES 1. DATE OF MATURTIY 16/03/2024. 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 30Mar16. CARE Ratings Limited has given WITHDRAWN rating to this Debenture on 16Mar16. 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.