9.50% Talwalkars Healthclubs Limited - D Rated (INE627Z07057)

Talwalkars Healthclubs Limited, a Utilities company, has floated Debenture, having ISIN value as INE627Z07057, with a face value of ₹10,00,000 rs on 04Dec18 to raise 25 crores. The debt instrument is issued with a coupon rate of 9.50% 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 9.5% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 04/12/2021. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 13Dec18. CARE RATINGS LIMITED has given D rating to this Debenture on 03Dec18. This issuer is formerly known as TALWALKARS LIFESTYLES LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.