15.50% Ace Urban Developers Private Limited (INE923T08028)

Ace Urban Developers Private Limited, a Civil Construction company, has floated Debenture, having ISIN value as INE923T08028, with a face value of ₹10 rs on 26Nov21 to raise 238.0858 crores. The debt instrument is issued with a coupon rate of 15.50% 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 Unsecured Debenture is 15.50% UNSECURED UNRATED UNLISTED REDEEMABLE COMPULSORY CONVERTIBLE DEBENTURE. DATE OF CONVERSION 26/11/2036. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Not Applicable option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.