Finova Capital Private Limited - A Rated (INE0DTO07053)

Finova Capital Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0DTO07053, with a face value of ₹1,00,000 rs on 24Dec20 to raise 10 crores. The debt instrument is issued with a coupon rate of RESET RATE - REFER REMARKS and its interest is paid on Maturity. 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 G-SEC LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES III. DATE OF MATURITY 24/12/2024.. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. Acuite Ratings And Research Limited has given PP-MLD 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.