12% Varthana Finance Private Limited - BBB Rated (INE125T07154)

Varthana Finance Private Limited, a Healthcare company, has floated Debenture, having ISIN value as INE125T07154, with a face value of ₹1,00,000 rs on 29Dec21 to raise 27 crores. The debt instrument is issued with a coupon rate of 12% 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 12% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 29/12/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value 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.