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9.70%Magma HDI General Insurance Company Limited 20 Mar 2034

ISIN:
INE312X08034
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Taxable

Tax Category

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20 Mar, 2029

Call Date
(4 Yr 8 Mo 25 D to call)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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20 Mar, 2024

Allotment Date

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NA

Put Date

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20 Mar, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA Stable
CARE
AA Stable
CRISIL
Subordinated Tier 2

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Magma HDI General Insurance Company Limited

Sanoti Properties LLP, an entity jointly held by Adar Poonawalla and Rising Sun Holdings Pvt Ltd holds in the Company. With over 70 products across various categories, they have solutions to secure all major risks in the general insurance sphere. From retail products like Motor , Health, Personal Accident, and Home to commercial products like Fire, Engineering, Liability, Marine, our wide array of covers coupled with high-quality and agile service delivery have been the pillars of our foundation.

The ratio in FY23 is - 0.36x and it was -6x in FY22, indicating increased debt level as incurred huge losses in FY23.

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Debt/EBITDA

The ratio in FY23 is -31.84x and it was -348.81x in FY22, indicating decreased debt servicing ability of the issuer due to huge losses in FY23

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Interest coverage ratio

Recent News
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Magma HDI General Insurance introduces the ‘Battery Secure Add On’ for privately owned vehicles

Mar 30, 2024 | Magma HDI General Insurance Company Limited

News Thumbnail
Poonawalla Fincorp to divest stake in Magma HDI General Insurance

Mar 30, 2024 | Magma HDI General Insurance Company Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹99.9
Price
9.6988%
Yield
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BOND VALUE DETAILS

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