Reliance Financial Limited - BB Rated (INE504L07538)

Reliance Financial Limited, a Finance company, has floated Debenture, having ISIN value as INE504L07538, with a face value of ₹1,00,000 rs on 28Oct16 to raise 0.776 crores. The debt instrument is issued with a coupon rate of NIFTY 50 INDEX 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 NIFTY 50 INDEX LINKED SECURED NON CONVERTIBLE DEBENTURES. SERIES B/161028. DATE OF MATURITY 28/04/2020. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 07Nov16. CARE Ratings Limited has given PP-MLD BB- rating to this Debenture on 06Mar20. This issuer is formerly known as R TRADE FINANCIAL SERVICES LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.