9.50% Macrotech Developers Limited (INE014S07012)

Macrotech Developers Limited, a Utilities company, has floated Debenture, having ISIN value as INE014S07012, with a face value of ₹10,00,000 rs on 13Jul17 to raise 495 crores. The debt instrument is issued with a coupon rate of 9.50% and its interest is paid 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 9.5% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1 DATE OF MATURITY 13/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 24Jul17. CARE Ratings Limited has given WITHDRAWN rating to this Debenture on 02Aug13. This issuer is formerly known as LODHA DEVELOPERS PRIVATE LIMITED, LODHA DEVELOPERS LIMITED, LODHA DEVELOPERS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.