14% Mahaveer Finance (india) Limited - BBB Rated (INE911L07063)

Mahaveer Finance (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE911L07063, with a face value of ₹10,00,000 rs on 31Aug21 to raise 14 crores. The debt instrument is issued with a coupon rate of 14% and its interest is paid Quarterly. 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 14% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE. SERIES A. DATE OF MATURITY 30/03/2023.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. 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.