9% Wadhwa Group Holdings Private Limited - BB Rated (INE577N07159)

Wadhwa Group Holdings Private Limited, a Consumer Services company, has floated Debenture, having ISIN value as INE577N07159, with a face value of ₹1,00,000 rs on 28Dec17 to raise 1358 crores. The debt instrument is issued with a coupon rate of 9% 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 9% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1. DATE OF MATURITY 27/12/2032. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given BB- rating to this Debenture on 01Oct19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.