8.40% Mahindra Integrated Township Limited - AA Rated (INE378T07050)

Mahindra Integrated Township Limited, a Consumer Services company, has floated Debenture, having ISIN value as INE378T07050, with a face value of ₹10,00,000 rs on 14Sep20 to raise 15 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIESI II. LETTER OF ALLOTMENT. DATE OF MATURITY 13/09/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Sep20. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Debenture on 02Sep20. This issuer is formerly known as MAHINDRA INTEGRATED TOWNSHIP PRIVATE LIMITED, MAHINDRA INTERMODAL TRANSPORTATION PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.