Indel Money Limited - BBB Rated (INE0BUS07015)

Indel Money Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0BUS07015, with a face value of ₹10,00,000 rs on 28Jun21 to raise 20 crores. The debt instrument is issued with a coupon rate of RESET RATE and its interest is paid Monthly. 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 RESET RATE SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 15/06/2024.. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given BBB+ rating to this Debenture on 18Jun21. This issuer is formerly known as INDEL MONEY PRIVATE LIMITED, PAYAL HOLDINGS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.