11% Klm Axiva Finvest Limited - BBB Rated (INE01I507471)

Klm Axiva Finvest Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01I507471, with a face value of ₹1,000 rs on 01Nov21 to raise 32.1835 crores. The debt instrument is issued with a coupon rate of 11% 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% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES - NCD ISSUE V- OPTION VIII. DATE OF MATURITY 31/10/2026. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 03Nov21. CARE RATINGS LIMITED has given BBB- rating to this Debenture on 01Nov21. 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.