Berar Finance Limited - BBB Rated (INE998Y07089)

Berar Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE998Y07089, with a face value of ₹10,00,000 rs on 24Mar21 to raise 34 crores. The debt instrument is issued with a coupon rate of RESET RATE and its interest is paid Monthly. 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 RESET RATE SECURED SENIOR RATED LISTED TRANSFERABLE REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 05/02/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 30Mar21. CARE Ratings Limited has given BBB rating to this Debenture on 24Mar21. This issuer is formerly known as BERAR FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.