10% Sakthi Finance Limited - BBB Rated (INE302E07235)

Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E07235, with a face value of ₹1,000 rs on 15May19 to raise 2.9214 crores. The debt instrument is issued with a coupon rate of 10% and its interest is paid 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 10% SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION VII. DATE OF MATURITY 15/05/2023. This instrument is issued in Public Issue mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 17May19. ICRA LIMITED has given BBB rating to this Debenture on 12Jan24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.