Sterlite Grid 18 Limited
, a Power - Transmission company, has floated Debenture,
having ISIN value as INE0FF008103, with a face value of ₹10 rs on 24Aug22 to raise 47 crores. The debt instrument
is issued with a coupon rate of RESET RATE - NO INTEREST SHALL ACCRUE ON THE SERIES A CCDS FOR A PERIOD OF 5(FIVE) YEARS FROM THE DATE OF ISSUANCE OF RELEVANT SERIES A CCD AFTER THE EXPIRY OF THE PERIOD SET OUT IN PARAGRAPH , EACH 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 Unsecured
Debenture is RESET RATE UNSECURED UNRATED UNLISTED COMPULSORILY CONVERTIBLE DEBENTURE. SERIES B.DATE OF MATURITY 2308/2032.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type
with Not Applicable 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.