Sai Srushti Developers Private Limited (INE129R07028)

Sai Srushti Developers Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE129R07028, with a face value of ₹10 rs on 24Sep19 to raise 61 crores. The debt instrument is issued with a coupon rate of 20% IRR LINKED 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 20% IRR LINKED SECURED UNLISTED UNRATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I. DATE OF MATURITY 23/09/2022. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption 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.