Birla Corporation Limited - AA Rated (INE340A07118)

Birla Corporation Limited, a Industrial company, has floated Debenture, having ISIN value as INE340A07118, with a face value of ₹10,00,000 rs on 17Feb22 to raise 150 crores. The debt instrument is issued with a coupon rate of 6MTBILL LINKED and its interest is paid Monthly. 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 6MTBILL LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IX. LETTER OF ALLOTMENT. DATE OF MATURITY 17/02/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 21Jan22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.