Incred Financial Services Limited
, a Finance company, has floated Debenture,
having ISIN value as INE945W07183, with a face value of ₹10,00,000 rs on 03Sep20 to raise 47.1 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 PRINCIPAL PROTECTED-MARKET LINKED NON CONVERTIBLE DEBENTURES. SERIES IFSL/2020-2021/MLD/002. DATE OF MATURITY 03/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 18Dec20. CARE RATINGS LIMITED has given WITHDRAWN rating to
this Debenture on 01Jan70. This issuer is formerly known as KKR INDIA FINANCIAL SERVICES PRIVATE LIMITED, MULTIFLOW FINANCIAL SERVICES PVT LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.