14.25% Shrem Infra Structure Private Limited - AA Rated (INE391V07018)

Shrem Infra Structure Private Limited, a Civil Construction company, has floated Debenture, having ISIN value as INE391V07018, with a face value of ₹10,00,000 rs on 14Sep21 to raise 35 crores. The debt instrument is issued with a coupon rate of 14.25% 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 14.25% SECURED RATED LISTED NON CONVERTIBLE DEBENTURES.SERIES A. DATE OF MATURITY 31/03/2023. 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 NSE stock exchange on 20Sep21. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 26Mar21. This issuer is formerly known as SHREM LIFE CARE PRIVATE LIMITED, FLYING-COLOURS CONSTRUCTION PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.