KLM Axiva Finvest Ltd has launched public issue of non-convertible debentures to raise ₹75 crore. The public issue has a green shoe option to retain over-subscription up to ₹75 crore, aggregating up to ₹150 crore .
The NCD issue which opened on July 22 will clos on August 2.
The NCDs have ten options for individual investors with effective yield ranging from 9.92 per cent to 11.30 per cent. The investment option ranges from 400 days to 79 months and the minimum investment amount is ₹5,000.
Funds raised through the NCD will be utilised for onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.