7.40% Reliance Industries Limited - AAA Rated (INE002A08617)

Reliance Industries Limited, a Basic Materials company, has floated Debenture, having ISIN value as INE002A08617, with a face value of ₹10,00,000 rs on 27Apr20 to raise 3000 crores. The debt instrument is issued with a coupon rate of 7.40% 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 Unsecured Debenture is 7.40% UNSECURED, NOT GUARANTEED, TAXABLE, NON-CUMULATIVE, RATED, LISTED , REDEEMABLE, NON-CONVERTIBLE PRIVATE PLACEMENT OF DEBENTURES. LETTER OF ALLOTMENT. SERIES - PPD SERIES L. MATURITY DATE 25/04/2025. 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 28Apr20 & on BSE stock exchange on 29Apr20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 06Apr20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.