10% Joyville Shapoorji Housing Private Limited - A Rated (INE373S08226)

Joyville Shapoorji Housing Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE373S08226, with a face value of ₹100 rs on 20Aug18 to raise 109.06 crores. The debt instrument is issued with a coupon rate of 10% 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 Unsecured Debenture is 10% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B TRANCHE 6. DATE OF MATURITY 17/11/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given A+ rating to this Debenture on 30Jul19. This issuer is formerly known as DRASHTI DEVELOPERS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.