12.29% Save Solutions Private Limited - BBB Rated (INE06PM07065)

Save Solutions Private Limited, a Diversified company, has floated Debenture, having ISIN value as INE06PM07065, with a face value of ₹10,00,000 rs on 07May21 to raise 21.6 crores. The debt instrument is issued with a coupon rate of 12.29% and its interest is paid Semi 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 Secured Debenture is 12.29% SECURED UNLISTED UNRATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 07/05/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given BBB rating to this Debenture on 07May21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.