Tata Motors Finance Limited - A Rated (INE909H08162)

Tata Motors Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE909H08162, with a face value of ₹10,00,000 rs on 23May13 to raise 22.3 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARK) 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, SUBORDINATED, NON CONVERTIBLE PERPETUAL DEBENTURE - SERIES - TMFL PERPETUAL 'B' FY 13-14. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 07Jun13 & on BSE stock exchange on 19May17. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 04Apr13. This issuer is formerly known as SHEBA PROPERTIES LIMITED, SHEBA PROPERTIES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.