7.97% Tata Motors Finance Solutions Limited (INE477S08084)

Tata Motors Finance Solutions Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE477S08084, with a face value of ₹10,00,000 rs on 18Jan21 to raise 600 crores. The debt instrument is issued with a coupon rate of 7.97% 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 Unsecured Debenture is 7.97% UNSECURED SENIOR LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. TMFSL NCD B FY 20-21. DATE OF MATURITY 27/12/2023.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 19Jan21. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 18Jan21. This issuer is formerly known as TATA MOTORS FINANCE SOLUTIONS PRIVATE LIMITED, RAJASTHAN LEASING PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.