14.50% Patel Infrastructure Limited (INE093W07018)

Patel Infrastructure Limited, a Utilities company, has floated Debenture, having ISIN value as INE093W07018, with a face value of ₹18,75,000 rs on 23Jul19 to raise 75 crores. The debt instrument is issued with a coupon rate of 14.50% 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 Secured Debenture is 14.50% SECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IB. DATE OF MATURITY 22/01/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as PATEL INFRASTRUCTURE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.