Rated, Secured, Compulsorily Redeemable Non-Convertible Debenture, Series 1, Tranche 2 issued on private placement basis of Rs.10,00,000/- each fully paid up.
Rate of Interest
One time Upfront Processing fees
3% paid on 10th August 2015
Credit Rating assigned by Brickwork Ratings India Private Limited
‘BWR BB’ (pronounced as BWR Double B) (Outlook: Stable). Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Date(s) of Payment of Interest
Yearly in advance.
10th August 2015
10th August 2016
10th August 2017
10th August 2018
10th August 2019
Actual/Deemed Date of allotment
6th August 2015
Date of Redemption
6th August 2020
Put / Call option
Subject to applicable laws, anytime after the initial term of 12 months from the Deemed Date Of Allotment, both the Debenture Holder(s) and the Company have an option to seek redemption / redeem all or part of the NCDs by giving a 30 day notice in writing. As per extant regulations:
a. debentures to be subscribed by Foreign Portfolio Investors shall have a minimum maturity of three years. There will, however, be no lock-in period and Foreign Portfolio Investors shall be free to sell the securities (including those that are presently held with less than three years maturity) to domestic investors.
b. In case of public issue of debt securities, Put and Call option can be exercised after the expiry of 24 months from the date of issue of such debt securities.
Scrip ID on the Bolt System:
Detail Name on the Bolt System:
Face Value per NCD:
The NCD can be handled only in dematerialised form. (under ISIN mentioned below)
15% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1.TRANCHE 2
i. National Securities Depository Limited
ii. Central Depository Services (India) Limited