12.25% Patil Rail Infrastructure Pvt Ltd. - A Rated (INE254I07064)

Patil Rail Infrastructure Pvt Ltd., a Industrial Equipments company, has floated Debenture, having ISIN value as INE254I07064, with a face value of ₹77,500 rs on 20Jan21 to raise 110 crores. The debt instrument is issued with a coupon rate of 12.25% 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 12.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. TRANCHE A.DATE OF MATURITY 31/03/2024.. 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 NSE stock exchange on 27Jan21. CARE RATINGS LIMITED has given A- rating to this Debenture on 11Dec20. This issuer is formerly known as PATIL RAIL INFRASTRUCTURE LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.