Nuvama Wealth Finance Limited - AA Rated (INE918K07IN7)

Nuvama Wealth Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE918K07IN7, with a face value of ₹10,00,000 rs on 16Feb22 to raise 32.4 crores. The debt instrument is issued with a coupon rate of NIFTY 50 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 LINKED SECURED RATED LISTED PRINCIPAL PROTECTED MARKET LINKED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES J3B201A. DATE OF MATURITY 18/03/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 09Mar22. CRISIL RATINGS LIMITED has given PP-MLD AA- rating to this Debenture on 27Aug21. 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.