12% Religare Finvest Limited - D Rated (INE958G08989)

Religare Finvest Limited, a Finance company, has floated Debenture, having ISIN value as INE958G08989, with a face value of ₹10,00,000 rs on 25Feb13 to raise 8 crores. The debt instrument is issued with a coupon rate of 12% 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 12% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 25/02/2023. 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 18Mar13. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 05Dec14. This issuer is formerly known as FORTIS FINVEST LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.