0% Klm Axiva Finvest Limited (INE01I507513)

Klm Axiva Finvest Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01I507513, with a face value of ₹1,000 rs on 17Mar22 to raise 25.2553 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 VI- OPTION II. DATE OF MATURITY 20/04/2023. 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 22Mar22. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 17Mar22. 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.