Advance India Projects Limited (INE00FQ07029)

Advance India Projects Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE00FQ07029, with a face value of ₹10,00,000 rs on 15Dec20 to raise 190 crores. The debt instrument is issued with a coupon rate of RESET RATE - REFER REMARKS 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 RESET RATE SECURED UNRATED UNLISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 30/09/2024. 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.