12.30% Essar Shipping Limited (INE122M08063)

Essar Shipping Limited, a Utilities company, has floated Debenture, having ISIN value as INE122M08063, with a face value of ₹10,00,000 rs on 01Feb13 to raise 12 crores. The debt instrument is issued with a coupon rate of 12.30% 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 12.30% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VI. LETTER OF ALLOTMENT. DATE OF MATURITY 01/02/2023.. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given SUSPENDED rating to this Debenture on 03Apr15. This issuer is formerly known as ESSAR PORTS & TERMINALS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.