12.39% Namra Finance Limited (INE229U07038)

Namra Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE229U07038, with a face value of ₹10,000 rs on 27Nov20 to raise 48.75 crores. The debt instrument is issued with a coupon rate of 12.39% and its interest is paid Semi 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 12.39% SECURED UNLISTED SENIOR TAXABLE TRANSFERABLE RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 27/11/2025. This instrument is issued in Private Placement 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 CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 27Nov20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.