Neepa Real Estates Private Limited - BB Rated (INE833M07034)

Neepa Real Estates Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE833M07034, with a face value of ₹10,00,000 rs on 18Jun20 to raise 100 crores. The debt instrument is issued with a coupon rate of RESER RATE-REFER REMARKS and its interest is paid Monthly. 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 RESET RATE SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 31/03/2027. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 16Jul20. Infomerics Valuation and Rating Pvt. Ltd has given BB rating to this Debenture on 28Nov24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.