13.50% Namdev Finvest Private Limited - BBB Rated (INE0IX207031)

Namdev Finvest Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0IX207031, with a face value of ₹10,00,000 rs on 30Dec21 to raise 20 crores. The debt instrument is issued with a coupon rate of 13.50% and its interest is paid Quarterly. 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 13.50% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 30/06/2025. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB rating to this Debenture on 31Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.