7.70% Torrent Pharmaceuticals Limited - AA Rated (INE685A07108)

Torrent Pharmaceuticals Limited, a Pharmaceuticals company, has floated Debenture, having ISIN value as INE685A07108, with a face value of ₹7,43,590 rs on 24Apr20 to raise 145 crores. The debt instrument is issued with a coupon rate of 7.70% and its interest is paid Semi Annually. 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 7.70% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 24/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 30Apr20 & on NSE stock exchange on 30Apr20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 21Apr20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.