12.25% Reliant Credits (india) Limited (INE02VO07308)

Reliant Credits (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE02VO07308, with a face value of ₹1,000 rs on 11Mar22 to raise 8.6405 crores. The debt instrument is issued with a coupon rate of 12.25% 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 12.25% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES K SCHEME 4.DATE OF MATURITY 11/03/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as RELIANT HIRE PURCHASE COMPANY LIMITED, RELIANT HIRE PURCHASE COMPANY PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.