10% Azad Engineering Private Limited (INE02IJ07016)

Azad Engineering Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE02IJ07016, with a face value of ₹1,00,000 rs on 05Jul21 to raise 18 crores. The debt instrument is issued with a coupon rate of 10% 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 10% SECURED UNRATED UNLISTED REDEEMABLE COMPULSORY CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT.DATE OF CONVERSION 05/07/2028. This instrument is issued in Private Placement mode. It has Compounding coupon type with Not Applicable 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.