11.26% Berar Finance Limited (INE998Y07113)

Berar Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE998Y07113, with a face value of ₹10,000 rs on 05Aug22 to raise 25 crores. The debt instrument is issued with a coupon rate of 11.26% and its interest is paid Semi 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 11.26% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES - 1. DATE OF MATURITY 05/08/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 05Aug22. 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.