12% Sheth Developers Private Limited - BBB Rated (INE841M07136)

Sheth Developers Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE841M07136, with a face value of ₹10,00,000 rs on 03May21 to raise 65 crores. The debt instrument is issued with a coupon rate of 12% and its interest is paid Quarterly. 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% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/03/2025. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 29Dec21. ICRA LIMITED has given BBB- rating to this Debenture on 27Jun24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.