Reliance Financial Limited - B Rated (INE504L07CC9)

Reliance Financial Limited, a Finance company, has floated Debenture, having ISIN value as INE504L07CC9, with a face value of ₹1,00,000 rs on 08Sep20 to raise 0.7 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 RATED LISTED REDEEMABLE NON PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURES SERIES B/200907 TYPE I. DATE OF MATURITY 25/03/2024. 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 23Dec20. CARE RATINGS LIMITED has given PP-MLD B+ rating to this Debenture on 08Sep20. 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.