12% Irina Hospitality Private Limited - B Rated (INE591Z07014)

Irina Hospitality Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE591Z07014, with a face value of ₹1,000 rs on 21Mar18 to raise 30 crores. The debt instrument is issued with a coupon rate of 12% 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 12% SECURED UNRATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTUES. SERIES A. DATE OF MATURITY 20/03/2022. 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 25May18. ICRA LIMITED has given B+ rating to this Debenture on 05Jun18. This issuer is formerly known as SHANDERS PROJECTS AND INFRASTRUCTURE PRIVATE LIMITED, BAGADIA PROJECTS AND INFRASTRUCTURE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.