9.60% Talwalkars Lifestyles Limited - D Rated (INE502K07104)

Talwalkars Lifestyles Limited, a Utilities company, has floated Debenture, having ISIN value as INE502K07104, with a face value of ₹10,00,000 rs on 03Jan17 to raise 25 crores. The debt instrument is issued with a coupon rate of 9.60% 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 Secured Debenture is 9.6% SECURED TAXABLE REDEEMABLE NON-CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 03/01/2023. 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 BSE stock exchange on 13Jan17. CARE Ratings Limited has given D rating to this Debenture on 25Apr14. This issuer is formerly known as TALWALKARS BETTER VALUE FITNESS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.