8.95% Adani Enterprises Limited (INE423A07203)

Adani Enterprises Limited, a Industrial Minerals company, has floated Debenture, having ISIN value as INE423A07203, with a face value of ₹10,00,000 rs on 20May20 to raise 400 crores. The debt instrument is issued with a coupon rate of 8.95% 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 8.95% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 20/05/2023.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 18Jun20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 20May20. This issuer is formerly known as ADANI EXPORTS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.