Sterlite Grid 29 Limited (INE0FDW08053)

Sterlite Grid 29 Limited, has floated Debenture, having ISIN value as INE0FDW08053, with a face value of ₹10 rs on 07Mar22 to raise 4.862513 crores. The debt instrument is issued with a coupon rate of RESET RATE -NO INTEREST SHALL ACCRUE SR B CCD FOR A PERIOD OF 5 YRS FROM DT. OF ISSUANCE. AFTER EXPRY OF PERIOD, EACH SR B CCD SHALL CARRY INT. RATE P.A TO BE DETERMINED ON BASIS OF A TRANSFER PRICING and its interest is paid Annually. 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 Unsecured Debenture is RESET RATE UNSECURED UNRATED UNLISTED COMPULSORY CONVERTIBLE DEBENTURE.SERIES B. DATE OF CONVERSION 06/03/2032. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Not Applicable option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.