9.75% Vivardhana Microfinance Limited (INE02BB07232)

Vivardhana Microfinance Limited, a Utilities company, has floated Debenture, having ISIN value as INE02BB07232, with a face value of ₹50,000 rs on 09Aug21 to raise 0.68 crores. The debt instrument is issued with a coupon rate of 9.75% 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 9.75% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT. SERIES VII/21-22.DATE OF MATURITY 09/08/2023. 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. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.