6% Gawar Narnaul Highway Private Limited - AAA Rated (INE08RU07011)

Gawar Narnaul Highway Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE08RU07011, with a face value of ₹9,49,660 rs on 03Jan22 to raise 365 crores. The debt instrument is issued with a coupon rate of 6% 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 6% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.LETTER OF ALLOTMENT.DATE OF MATURITY 31/07/2034. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 05Jan22. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 06Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.