Nuvama Wealth Finance Limited - AA Rated (INE918K07IT4)

Nuvama Wealth Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE918K07IT4, with a face value of ₹10,00,000 rs on 27May22 to raise 116.4 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 INDEX LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES - B5E211A. DATE OF MATURITY 25/08/2025.. 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 21Jun22. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 09May22. 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.