11% Belstar Microfinance Limited (INE443L07083)

Belstar Microfinance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE443L07083, with a face value of ₹10,00,000 rs on 30Jun20 to raise 70 crores. The debt instrument is issued with a coupon rate of 11% 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 11% SECURED RATED LISTED SENIOR TAXABLE FULLY PAID UP REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 4. DATE OF MATURITY 30/06/2023. 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 07Jul20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 30Jun20. This issuer is formerly known as BELSTAR MICROFINANCE PRIVATE LIMITED, BELSTAR INVESTMENT AND FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.