0% Jai Maharashtra Nagar Development Private Ltd - D Rated (INE675N07060)

Jai Maharashtra Nagar Development Private Ltd, a Utilities company, has floated Debenture, having ISIN value as INE675N07060, with a face value of ₹7,80,000 rs on 16Jul12 to raise 10 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON SECURED NON CONVERTIBLE DEBENTURE. SERIES C. DATE OF MATURITY 16/06/2016. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given D rating to this Debenture on 07May24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.