9% Sakthi Finance Limited - BBB Rated (INE302E07391)

Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E07391, with a face value of ₹1,000 rs on 13Jan21 to raise 1.25 crores. The debt instrument is issued with a coupon rate of 9% 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 9% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 13/01/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB rating to this Debenture on 26Apr21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.