8.39% Shrem Infra Structure Private Limited - AA Rated (INE391V07034)

Shrem Infra Structure Private Limited, a Civil Construction company, has floated Debenture, having ISIN value as INE391V07034, with a face value of ₹10,00,000 rs on 25Feb22 to raise 60 crores. The debt instrument is issued with a coupon rate of 8.39% 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 8.39% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURES.SERIES D-1-600.LETTER OF ALLOTMENT.DATE OF MATURITY 31/08/2023. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 03Mar22. 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.