5.85% Wipro Enterprises Private Limited - AAA Rated (INE889O08048)

Wipro Enterprises Private Limited, has floated Debenture, having ISIN value as INE889O08048, with a face value of ₹10,00,000 rs on 17Sep20 to raise 700 crores. The debt instrument is issued with a coupon rate of 5.85% 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 Unsecured Debenture is 5.85% UNSECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B. DATE OF MATURITY 17/09/2025. 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. CARE RATINGS LIMITED has given AAA rating to this Debenture on 17Sep20. This issuer is formerly known as WIPRO ENTERPRISES LIMITED, AZIM PREMJI CUSTODIAL SERVICES LIMITED, AZIM PREMJI CUSTODIAL SERVICES PVT LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.