10.40% Manappuram Finance Limited - AA Rated (INE522D07AL3)

Manappuram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE522D07AL3, with a face value of ₹1,000 rs on 29Nov18 to raise 29.9989 crores. The debt instrument is issued with a coupon rate of 10.40% and its interest is paid 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 10.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VI. DATE OF MATURITY 29/11/2023. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 03Dec18. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 27Mar23. This issuer is formerly known as MANAPPURAM GENERAL FINANCE AND LEASING LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.