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Instrument Details

ISIN: INE140A07674

Face value

₹10,00,000

Coupon rate

GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

700

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

04 May 2022

Maturity Date

11 Apr 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

PIRAMAL ENTERPRISES LIMITED BR NCD 04NV24 FVRS10LAC
Piramal Enterprises Limited, a Pharmaceuticals company, has floated Debenture, having ISIN value as INE140A07674, with a face value of ₹10,00,000 rs on 04May22 to raise 700 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 GSEC LINKED SECURED LISTED RATED PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 04/11/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 05May22. CARE RATINGS LIMITED has given PP-MLD AA rating to this Debenture on 04May22. This issuer is formerly known as PIRAMAL HEALTHCARE LIMITED, NICHOLAS PIRAMAL INDIA LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
PP-MLD AA
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Date Verified
04 Aug 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

GSEC LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD AA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Pharmaceuticals
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Healthcare
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE140A07674 issued by Piramal Enterprises Limited

The instrument name of INE140A07674 ISIN is PIRAMAL ENTERPRISES LIMITED BR NCD 04NV24 FVRS10LAC.
The interest earned from the INE140A07674 bond issued by Piramal Enterprises Limited is paid at the time of maturity
This INE140A07674 bond issued by Piramal Enterprises Limited has been assigned a credit rating of PP-MLD AA by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE140A07674 bond issued by Piramal Enterprises Limited is GSEC LINKED.
The INE140A07674 Debenture is issued by Piramal Enterprises Limited, a Private Sector company.
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