NCD News of Navi Finserv NCD July 2023

Navi Finserv Limited is coming up with Public Issue of Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) of the face value of ₹ 1000 each, for an amount of ₹250.00 Crores ('Base Issue Size') " with an option to retain oversubscription up to ₹500.00 Crores.

Incorporated in 2012, Navi Finserv Limited is engaged in the business of providing Financial Services. The company offers services such as Digital Personal Loans, Housing Loans and Loans Against Property through its mobile application Navi app. Navi Finserv Limited is a non-deposit taking NBFC registered with RBI and is a wholly owned subsidiary of Navi Technologies Limited. Navi Finserv Limited was previously known as Chaitanya Rural Intermediation Development Services Private Limited.

Allotment of the NCD's will be done on First Come First Serve Basis.

Navi Finserv NCD July 2023 is rated IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL.

The issue opens on Jul 10, 2023 and closes for subscription on Jul 13, 2023. The shares of the company to be list at BSE, NSE.

The public issue of Navi Finserv Limited opens on Jul 10, 2023 and closes for subscription on Jul 13, 2023.

The Navi Finserv NCD July 2023 are proposed to list at BSE, NSE.

Allotment of the NCD's will be done on First Come First Serve Basis.