12.35% Neogrowth Credit Private Limited (INE814O07220)

Neogrowth Credit Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE814O07220, with a face value of ₹10,00,000 rs on 26Feb20 to raise 70 crores. The debt instrument is issued with a coupon rate of 12.35% 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 12.35% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. F GROUP DEBT INSTRUMENT SERIES 2019-20/S/NCD/003. DATE OF MATURITY 26/02/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 09Mar20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 26Feb20. This issuer is formerly known as BPJ CREDIT & INVESTMENTS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.