Piramal Enterprises Limited - AA Rated (INE140A07674)

Piramal Enterprises Limited, a Pharmaceuticals company, has floated Debenture, having ISIN value as INE140A07674, with a face value of ₹10,00,000 rs on 04May22 to raise 700 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 GSEC LINKED SECURED LISTED RATED PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 04/11/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 05May22. CARE RATINGS LIMITED has given PP-MLD AA rating to this Debenture on 04May22. 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.