7.10% Torrent Power Limited - AA Rated (INE813H07184)

Torrent Power Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE813H07184, with a face value of ₹10,00,000 rs on 05Apr22 to raise 150 crores. The debt instrument is issued with a coupon rate of 7.10% 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 7.10% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.SERIES 8C.DATE OF MATURITY 11/03/2026. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 06Apr22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 21Mar22. This issuer is formerly known as TORRENT POWER TRADING PVT. LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.