11% Abt Industries Limited (INE475Y07021)

Abt Industries Limited, a Consumer Goods including FMGC company, has floated Debenture, having ISIN value as INE475Y07021, with a face value of ₹1,000 rs on 26Sep19 to raise 4.25 crores. The debt instrument is issued with a coupon rate of 11% and its interest is paid Quarterly. 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 11% FULLY SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1/ABTIL/FSNCD/2019-2020. DATE OF MATURITY 25/09/2029. This instrument is issued in Private Placement 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 THE GOUNDER AND COMPANY LIMITED, SRI BAGAVATHI TEA ESTATES LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.