11.40% Avanse Financial Services Limited (INE087P07121)

Avanse Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE087P07121, with a face value of ₹10,00,000 rs on 18Dec19 to raise 105 crores. The debt instrument is issued with a coupon rate of 11.40% 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 11.40% SECURED LISTED RATED REDEEMABLE TRANSFERABLE NON CONVERTIBLE DEBENTURES. SERIES 8. DATE OF MATURITY 16/12/2022. 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 26Dec19. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 18Dec19. This issuer is formerly known as AVANSE FINANCIAL SERVICES PRIVATE LIMITED, ABHIVRUDDHI HOLDINGS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.