Azad Engineering Private Limited (INE02IJ07057)

Azad Engineering Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE02IJ07057, with a face value of ₹10,00,000 rs on 13Aug22 to raise 160 crores. The debt instrument is issued with a coupon rate of RESET RATE - 10% PA PAYABLE MONTHLY WHICH SHALL INCREASE TO 14% POST EXPIRY OF 36 MONTHS, AND THEN INCREASE BY 2% AT THE BEGINNING OF EACH CALENDER QUARTER UP TO 20% TILL CONVERSION ON THE OCDS. and its interest is paid Monthly. 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 RESET RATE SECURED UNRATED UNLISTED COMPULSORILY CONVERTIBLE DEBENTURES TRANCHE 1.LETTER OF ALLOTMENT. DATE OF MATURITY 12/08/2029.. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding 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.