Non-Convertible Debentures (Tranche 2)
Major Terms of Issue

Securities Description
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.


Quantity
260


Face Value
Rs.10,00,000/-


Rate of Interest
15% p.a.


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.

Debt Listing details

Exchange:
BSE Limited


Scrip Code:
952510


Scrip ID on the Bolt System:
15PIFSPL20


Detail Name on the Bolt System:
PIFSPL-15%-6-8-20-PVT


Market Lot:
1


Face Value per NCD:
Rs.10,00,000/-


The NCD can be handled only in dematerialised form. (under ISIN mentioned below)

Dematerialisation Details

ISIN Description:
15% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1.TRANCHE 2


ISIN:
INE900M07023


Depositories
i. National Securities Depository Limited
ii. Central Depository Services (India) Limited