15.50% Sheth Developers Private Limited - BBB Rated (INE841M07144)

Sheth Developers Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE841M07144, with a face value of ₹10,00,000 rs on 08Jul21 to raise 66 crores. The debt instrument is issued with a coupon rate of 15.50% 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 15.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 30/06/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 12Jan22. 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.