5% Kotak Mahindra Investments Limited - AAA Rated (INE975F07HF5)

Kotak Mahindra Investments Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE975F07HF5, with a face value of ₹10,00,000 rs on 30Dec20 to raise 50 crores. The debt instrument is issued with a coupon rate of 5% and its interest is paid Annually. 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 5% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES KMIL/2020-21/004. DATE OF MATURITY 27/06/2023.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 04Jan21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 03Dec20. This issuer is formerly known as HAMKO FINANCIAL SERVICES LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.