12% Klm Axiva Finvest Limited (INE01I507042)

Klm Axiva Finvest Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01I507042, with a face value of ₹1,000 rs on 06Nov18 to raise 22.5109 crores. The debt instrument is issued with a coupon rate of 12% 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 12% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION IV. LETTER OF ALLOTMENT. DATE OF MATURITY 05/11/2023. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 06Nov18. This issuer is formerly known as NEEDS FINVEST LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.