11.25% Gera Developments Private Limited (INE965R07249)

Gera Developments Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE965R07249, with a face value of ₹10,00,000 rs on 07Dec21 to raise 25 crores. The debt instrument is issued with a coupon rate of 11.25% 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 11.25% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES B.LETTER OF ALLOTMENT. DATE OF MATURITY 06/06/2023. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 10Dec21. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 19Mar20. This issuer is formerly known as PRITA DEVELOPMENTS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.