Motilal Oswal Financial Services Limited - AA Rated (INE338I07073)

Motilal Oswal Financial Services Limited, a Other Financial Services company, has floated Debenture, having ISIN value as INE338I07073, with a face value of ₹10,00,000 rs on 22Sep21 to raise 100 crores. The debt instrument is issued with a coupon rate of NIFTY50 INDEX 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 NIFTY50 INDEX LINKED SECURED LISTED RATED MARKET LINKED PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURES. SERIES M-1/F.Y.22/F.Y.24. DATE OF MATURITY 14/03/2024. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 28Sep21. ICRA LIMITED has given PP-MLD AA rating to this Debenture on 28Jul23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.