8% Varroc Engineering Limited - A Rated (INE665L07032)

Varroc Engineering Limited, has floated Debenture, having ISIN value as INE665L07032, with a face value of ₹10,00,000 rs on 17Sep21 to raise 250 crores. The debt instrument is issued with a coupon rate of 8% 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 8% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 17/09/2023. 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 20Sep21. ICRA LIMITED has given A rating to this Debenture on 11Oct23. This issuer is formerly known as VARROC ENGINEERING PRIVATE LIMITED, VARROC ENGINEERING LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.