Birla Corporation Limited, a Industrial company, has floated Debenture, having ISIN value as INE340A07092, with a face value of ₹10,00,000 rs on 14Sep16 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.25% 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 9.25% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VII. LETTER OF ALLOTMENT. DATE OF MATURITY 14/09/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 28Sep16. CARE Ratings Limited has given AA rating to this Debenture on 18Aug16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.