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KLM Axiva Finvest to raise up to ₹15,000 lakhs via non-convertible debentures
Kochi (Kerala) [India], August 28: KLM Axiva Finvest Ltd has announced the Company’s ninth public issue of secured redeemable non-convertible debentures with a face value of ₹Rs.1000. The base public issue size is ₹7,500 lakhs and the public issue limit will be with an option to retain over-subscription up to ₹7,500 lakhs, aggregating up to [...]
Kochi (Kerala) [India], August 28: KLM Axiva Finvest Ltd has announced the Company’s ninth public issue of secured redeemable non-convertible debentures with a face value of ₹Rs.1000. The base public issue size is ₹7,500 lakhs and the public issue limit will be with an option to retain over-subscription up to ₹7,500 lakhs, aggregating up to ₹15,000 lakhs with an option for additional subscription up to ₹Rs. 75 crores. The NCD issue opened on 24th August 2023 and will be closed on 6th September 2023.
The NCDs have ten different options for individual investors to choose from. Investors have 10 different options for applying in the NCD Issue. Effective yield Returns will be at the rates of the various investment options ranging from 9.38% to 11.02% p.a. On various investment options having face value is ₹Rs.1000, with multiple investment tenure options ranging from 400 days to 82 months and the minimum deposit amount is ₹Rs. 5,000 (5 NCDs).
