11.50% Salem Erode Investments Ltd (INE894E07132)

Salem Erode Investments Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE894E07132, with a face value of ₹1,000 rs on 21Jan22 to raise 0.38 crores. The debt instrument is issued with a coupon rate of 11.50% and its interest is paid Monthly. 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 11.50% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE. SERIES I MONTHLY GENERAL. DATE OF MATURITY 21/02/2023.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as SALEM-ERODE TEA & INVESTMENT COMPANY LIMITED, THE SALEM-ERODE ELECTRICITY DISTRI. CO. LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.