5% Setco Auto Systems Private Limited - B Rated (INE878E07010)

Setco Auto Systems Private Limited, has floated Debenture, having ISIN value as INE878E07010, with a face value of ₹10,00,000 rs on 06Sep21 to raise 350 crores. The debt instrument is issued with a coupon rate of 5% 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 5% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT DATE OF MATURITY 06/09/2025. 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. ICRA LIMITED has given B- rating to this Debenture on 21May24. This issuer is formerly known as TRANSSTADIA SPORT SCIENCES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.