12.75% Varthana Finance Private Limited - BBB Rated (INE125T07105)

Varthana Finance Private Limited, a Healthcare company, has floated Debenture, having ISIN value as INE125T07105, with a face value of ₹5,00,000 rs on 03May19 to raise 32.4 crores. The debt instrument is issued with a coupon rate of 12.75% 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 12.75% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES M. MATURITY DATE : 03/05/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB- rating to this Debenture on 16Jun23. This issuer is formerly known as THIRUMENI FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.