20% Heritage Max Realtech Private Limited - B Rated (INE366U08036)

Heritage Max Realtech Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE366U08036, with a face value of ₹100 rs on 29Dec16 to raise 30.81 crores. The debt instrument is issued with a coupon rate of 20% and its interest is paid Subject to Availability of Funds. 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 20% UNSECURED NON CONVERTIBLE DEBENTURES. SERIES B. LETTER OF ALLOTMENT. DATE OF MATURITY 29/12/2026. 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 10Jan17. CARE Ratings Limited has given B+ rating to this Debenture on 01Jan70. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.