9.50% Belrise Industries Limited - A Rated (INE894V07052)

Belrise Industries Limited, a 2/3 Wheelers company, has floated Debenture, having ISIN value as INE894V07052, with a face value of ₹10,00,000 rs on 24Dec21 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.50% 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 9.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.TRANCHE 4 2024. LETTER OF ALLOTMENT. DATE OF MATURITY 23/12/2024.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 27Dec21. CRISIL RATINGS LIMITED has given A rating to this Debenture on 12Aug21. 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.