10.86% Finova Capital Private Limited - A Rated (INE0DTO07020)

Finova Capital Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0DTO07020, with a face value of ₹10,00,000 rs on 18Sep20 to raise 10 crores. The debt instrument is issued with a coupon rate of 10.86% and its interest is paid Quarterly. 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 10.86% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 21/04/2023.. 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 06Oct20. Acuite Ratings And Research Limited has given A rating to this Debenture on 30Sep21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.