8.33% Tata Capital Limited - AAA Rated (INE976I08326)

Tata Capital Limited, a Investment Company company, has floated Debenture, having ISIN value as INE976I08326, with a face value of ₹10,00,000 rs on 07Feb20 to raise 125 crores. The debt instrument is issued with a coupon rate of 8.33% 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 8.33% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. TCL NCD C SERIES FY 2019-20 OPTION II. DATE OF MATURITY 13/03/2023. 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 24Feb20 & on NSE stock exchange on 24Feb20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 22Jan20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.