0% Klm Axiva Finvest Limited - BBB Rated (INE01I507398)

Klm Axiva Finvest Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01I507398, with a face value of ₹1,000 rs on 30Jul21 to raise 150 crores. The debt instrument is issued with a coupon rate of 0% 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 SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES - NCD ISSUE IV- OPTION X. DATE OF MATURITY 29/02/2028. This instrument is issued in Public Issue mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 03Aug21. CARE RATINGS LIMITED has given BBB- rating to this Debenture on 30Jul21. 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.