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KLM Axiva Finvest to Raise Up to Rs 15,000 Lakhs via NCDs
Kochi (Kerala) [India], July 20: KLM Axiva Finvest Ltd has announced the Company’s tenth 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], July 20: KLM Axiva Finvest Ltd has announced the Company’s tenth 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 ₹7,500 lakhs. The NCD issue opened on 22nd July 2024 and will be closed on 2nd August 2024.
KLM Axiva Finvest will raise aggregating up to ₹7,500 lakhs (“base issue”) with an option to retain over-subscription up to ₹7,500 lakhs, aggregating up to ₹15,000 lakhs through secured, redeemable, non-convertible debentures.
The NCDs have ten different options for individual investors to choose from. Effective yield Returns will be at the rates of the various investment options ranging from 9.92% to 11.30% p.a. On various investment options having face value is ₹Rs.1000, with multiple investment tenure options ranging from 400 days to 79 months and the minimum investment amount is ₹Rs.5,000.
