9.50% Belrise Industries Limited - A Rated (INE894V07029)

Belrise Industries Limited, a 2/3 Wheelers company, has floated Debenture, having ISIN value as INE894V07029, with a face value of ₹10,00,000 rs on 03Jun20 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.50% and its interest is paid Semi 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 9.50% SECURED LISTED RATED REDEEMABLE NON COVNERTIBLE DEBENTURES. LETTER OF ALLOTMENT. TRANCHE 2 2023-SERIES A. DATE OF MATURITY 02/06/2023. 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 10Jun20. CRISIL RATINGS LIMITED has given A rating to this Debenture on 24Apr20. This issuer is formerly known as BADVE ENGINEERING LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.