16% Margdarshak Financial Services Limited (INE189Y07051)

Margdarshak Financial Services Limited, a Finance company, has floated Debenture, having ISIN value as INE189Y07051, with a face value of ₹50,000 rs on 16Oct20 to raise 2.5 crores. The debt instrument is issued with a coupon rate of 16% 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 16% SECURED UNLISTED UNRATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 16/10/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as CRONY LEASING AND FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.