14.50% Wheelsemi Private Limited - BBB Rated (INE367Y07103)

Wheelsemi Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE367Y07103, with a face value of ₹10,00,000 rs on 03Nov21 to raise 20 crores. The debt instrument is issued with a coupon rate of 14.50% and its interest is paid Semi 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 14.50% SECURED UNLISTED RATED UNSUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 30/06/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given BBB rating to this Debenture on 26Nov21. This issuer is formerly known as VARADNARAYAN SAVINGS AND INVESTMENT COMPANY PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.