10% Vivardhana Microfinance Limited (INE02BB07174)

Vivardhana Microfinance Limited, a Utilities company, has floated Debenture, having ISIN value as INE02BB07174, with a face value of ₹50,000 rs on 24Nov20 to raise 0.15 crores. The debt instrument is issued with a coupon rate of 10% 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% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES V/20-21. DATE OF MATURITY 24/11/2022. 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. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.