6.24% Tata Realty And Infrastructure Limited - AA Rated (INE371K08193)

Tata Realty And Infrastructure Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE371K08193, with a face value of ₹10,00,000 rs on 25Apr22 to raise 300 crores. The debt instrument is issued with a coupon rate of 6.24% 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 6.24% UNSECURED LISTED RATED REDEEMABLE NONCONVERTIBLE DEBENTURES.SERIES XVII. DATE OF MATURITY 26/05/2023. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 28Apr22. ICRA LIMITED has given AA+ rating to this Debenture on 13Sep22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.