Northern Arc Capital Limited (INE850M07418)

Northern Arc Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE850M07418, with a face value of ₹1,00,000 rs on 27May21 to raise 100 crores. The debt instrument is issued with a coupon rate of S&P BSE SENSEX LINKED and its interest is paid on Maturity. 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 S&P BSE SENSEX LINKED SECURED RATED LISTED SENIOR REDEEMABLE PRINCIPAL PROTECTED MARKET LINKED NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 27/07/2023. 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 31May21. INDIA RATING AND RESEARCH PVT. LTD has given WITHDRAWN rating to this Debenture on 03Dec20. This issuer is formerly known as IFMR CAPITAL FINANCE LIMITED, IFMR CAPITAL FINANCE PRIVATE LIMITED, HIGHLAND LEASING AND FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.