Kanakia King Style Construction Private Limited (INE242U07015)

Kanakia King Style Construction Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE242U07015, with a face value of ₹1,00,000 rs on 01Feb16 to raise 120 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) and its interest is paid Monthly. 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 RESET RATE SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 30/01/2020. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.