9.75% Piramal Enterprises Limited - AA Rated (INE140A07179)

Piramal Enterprises Limited, a Pharmaceuticals company, has floated Debenture, having ISIN value as INE140A07179, with a face value of ₹10,00,000 rs on 14Jul16 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.75% 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 9.75% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I. LETTER OF ALLOTMENT. DATE OF MATURITY 14/07/2026. 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 27Jul16 & on BSE stock exchange on 27Jul16. CARE Ratings Limited has given AA rating to this Debenture on 14Jul16. This issuer is formerly known as PIRAMAL HEALTHCARE LIMITED, NICHOLAS PIRAMAL INDIA LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.