Chennai: The public issue of ‘secured, redeemable, non-convertible debentures’ of face value of Rs 1,000 each (NCDs) by KLM Axiva Finvest Limited currently open for subscription, has been oversubscribed, the company said.
‘The issue will close on Friday, 11 March, 2022. Vivro Financial Services Private Limited Is the lead manager to the issue and Vistra ITCL (India) Limited is the debenture trustee to the issue. Care Ratings Limited, the credit rating agency has given the ratings to the issue as ‘CARE BB+; Positive (Double B Plus; Outlook: Positive)’,’ according to a statement.