Nuvama Wealth Finance Limited - AA Rated (INE918K07FL7)

Nuvama Wealth Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE918K07FL7, with a face value of ₹1,00,000 rs on 26Dec19 to raise 45 crores. The debt instrument is issued with a coupon rate of NIFTY 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 NIFTY 50 INDEX LINKED SECURED REDEEMABLE NON- CONVERTIBLE DEBENTURES. SERIES I6L901A. DATE OF MATURITY 28/12/2026.. 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 03Jan20. CRISIL RATINGS LIMITED has given PP-MLD AA- rating to this Debenture on 04Oct19. This issuer is formerly known as EDELWEISS FINANCE & INVESTMENTS LIMITED, EDELWEISS FINANCE & INVESTMENTS PVT Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.