KLM Axiva Finvest To Raise Up to Rs 10,000 Lakhs Through NCD

KLM Axiva Finvest Limited has announced the Company's eleventh public issue of secured redeemable Non-Convertible Debentures (NCDs) with a face value of Rs 1000. The base issue size of the public issue size is Rs 5000 lakhs with an option to retain oversubscription up to Rs 5000 lakhs, aggregating up to Rs 10,000 lakhs. The NCD issue opened on Thursday, 14th November 2024, and will be closed on Thursday, 28th November 2024.

The NCDs offer ten different investment options for individual investors to choose from. Effective yield for various investment options is ranging from 9.92% p.a. to 11.30% p.a. The face value of NCDs is Rs 1000, with multiple investment tenures ranging from 400 days to 79 months, and the minimum investment amount is Rs 5,000.

Investors can apply for NCDs through the company's branches and the BSE online platform. All investors proposing to participate in the public issue of NCDs of KLM Axiva Finvest Limited should invest only based on information contained in the Prospectus. Please see the section entitled “Risk Factors” beginning on page 18 of the Prospectus for risk in this regard.

“Entire funds raised through the NCD will be utilized for onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings and general corporate purposes ", said Mr. T. P. Sreenivasan, Chairman, of KLM Axiva Finvest Ltd.