Torrent Solargen Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE03JX07013, with a face value of ₹1,00,00,000 rs on 30May22 to raise 550 crores. The debt instrument is issued with a coupon rate of RESET RATE - 8.2% PER ANNUM PAYABLE MONTHLY (INVESTOR SHALL HAVE A RIGHT TO RESET THE APPLICABLE INTEREST RATE ON THE DATE FALLING ON THE EXPIRY OF EVERY 5 YEARS FROM THE DATE OF FIRST ISBURSEMENT and its interest is paid Monthly. 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 RESET RATE SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 31/12/2039.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as TORRENT POWER DISTRIBUTION SERVICES LIMITED, TORRENT POWER BHIWANDI LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.