Berar Finance Limited - BBB Rated (INE998Y07105)

Berar Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE998Y07105, with a face value of ₹10,00,000 rs on 17Sep21 to raise 12 crores. The debt instrument is issued with a coupon rate of BSE SENSEX 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 BSE SENSEX LINKED SECURED RATED UNLISTED PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURE . DATE OF MATURITY 30/11/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given PP-MLD BBB rating to this Debenture on 01Sep21. This issuer is formerly known as BERAR FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.