Arman Financial Services’ board has allotted 378 rated, unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures (NCDs) with face value of Rs 10,00,000 each aggregating to Rs 37.80 crore on a private placement basis to AAV SarI (Luxembourg) and Masala Investment Sari (Luxembourg), through its Indian custodian Deutsche Bank AG with a coupon of 13.15% payable semi-annually and on maturity.
Arman Financial Services is a category A non-banking finance company. The main objects of the company consist of providing a wide spectrum of financial services in both Fund based and Non Fund Based activities which includes term loans, collateral free credit, other forms of credits, thrift and savings and insurance.
