11.50% Finova Capital Private Limited - A Rated (INE0DTO07038)

Finova Capital Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0DTO07038, with a face value of ₹50,000 rs on 28Oct20 to raise 25 crores. The debt instrument is issued with a coupon rate of 11.50% 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 11.50% SECURED SENIOR RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY.28/10/2024.. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. 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.