Indiabulls Consumer Finance Limited NCD Details
CARE rated these NCDs as CARE AA: Stable (Outlook Stable) and BWR Ratings has rated them as BWR AA+ (Outlook Stable). The rating of the NCDs indicates that Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
About the company:
It is Incorporated in 1994, Company is a non-deposit taking systemically important NBFC registered with the RBI and a 100% subsidiary of Indiabulls Ventures Limited, a listed Indian company. They focus primarily on providing personal loans, business loans (unsecured SME loans and secured SME loans) and other loans. We are part of the Indiabulls Ventures group, which is a prominent financial services company providing brokering, lending and wealth management businesses, amongst other businesses.
Public issue of secured redeemable, Non-Convertible Debentures.
Objective of NCD Edelweiss Finance Limited NCD:
- For the purpose of onward lending, financing and for repayment of interest and principal of existing borrowings of the company.
- For General Corporate purposes.
Promoters of the Company:
The promoter is Indiabulls Ventures Limited.
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