11.50% Mahaveer Finance (india) Limited - BBB Rated (INE911L07030)

Mahaveer Finance (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE911L07030, with a face value of ₹10,00,000 rs on 07Jul20 to raise 15 crores. The debt instrument is issued with a coupon rate of 11.50% and its interest is paid Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 11.5% RATED, LISTED, SECURED, REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES TLTRO/NCD/003. DATE OF MATURITY 21/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 21Jul20. CARE RATINGS LIMITED has given BBB rating to this Debenture on 01Jan70. This issuer is formerly known as MADAN FINANCE LIMITED, DECCAN INVESTMENT HOLDINGS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.