Navi Finserv Limited - A Rated (INE342T07098)

Navi Finserv Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE342T07098, with a face value of ₹10,00,000 rs on 24Nov21 to raise 200 crores. The debt instrument is issued with a coupon rate of G-SEC 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 G-SEC LINKED SECURED RATED LISTED REDEEMABLE PRINCIPAL PROTECTED MARKET LINKED NON-CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 24/05/2023. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 30Nov21. INDIA RATING AND RESEARCH PVT. LTD has given PP-MLD Ar rating to this Debenture on 29Oct21. This issuer is formerly known as NAVI FINSERV PRIVATE LIMITED, CHAITANYA RURAL INTERMEDIATION DEVELOPMENT SERVICES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.