17% V Laxmi Estate Developers Private Limited (INE0IFA07019)

V Laxmi Estate Developers Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE0IFA07019, with a face value of ₹25,926 rs on 15Mar22 to raise 50 crores. The debt instrument is issued with a coupon rate of 17% 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 17% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES ISSUED IN MUTIPLE TRANCHES. LETTER OF ALLOTMENT. DATE OF MATURITY 15/09/2027. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type with Partial Redemption By Face Value 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.