6.50% Welspun Corp Limited (INE191B07154)

Welspun Corp Limited, a Iron & Steel Products company, has floated Debenture, having ISIN value as INE191B07154, with a face value of ₹10,00,000 rs on 10Feb21 to raise 200 crores. The debt instrument is issued with a coupon rate of 6.50% 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 6.5% SECURED LISTED RATED NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT.DATE OF CONVERSION 09/02/2024.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 15Feb21. CRISIL RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 01Feb21. This issuer is formerly known as WELSPUN GUJARAT STAHL ROHREN LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.