9.40% Navi Finserv Limited (INE342T07205)

Navi Finserv Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE342T07205, with a face value of ₹1,000 rs on 08Jun22 to raise 37.6288 crores. The debt instrument is issued with a coupon rate of 9.40% 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 9.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES III.DATE OF MATURITY 08/09/2024.. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given WITHDRAWN rating to this Debenture on 06May22. This issuer is formerly known as NAVI FINSERV PRIVATE LIMITED, CHAITANYA RURAL INTERMEDIATION DEVELOPMENT SERVICES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.