10.50% Indel Money Limited (INE0BUS07338)

Indel Money Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0BUS07338, with a face value of ₹1,000 rs on 04Jan22 to raise 1.58 crores. The debt instrument is issued with a coupon rate of 10.50% 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 10.50% SECURED UNRATED UNLISTED REDEEMABLE, NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT.SERIES CXXIX.OPTION I. DATE OF MATURITY 04/01/2027. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as INDEL MONEY PRIVATE LIMITED, PAYAL HOLDINGS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.