Money & Banking

KLM Axiva Finvest to raise ₹125 crore via NCD issue

Our Bureau Kochi | Updated on June 06, 2020

KLM Axiva Finvest, an NBFC in Kerala, has come out with an NCD issue to raise ₹125 crore.

The face value of the issue is Rs1000, which will be open till June 25. The company has limited the minimum payment at Rs5000 for the convenience of small investors. The amount deposited will be doubled in 75 months, the company said in a release.

The two previous NCD issues was a success and the amount generated through the new issue would be used for expanding gold loan business, J. Alexander, Chairman KLM group, which has successfully completed 21 years of service in the State.

Published on June 06, 2020

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