Century Joint Developments Private Limited
ACTIVE
ISIN: INE050R07075
Issuer Details
Issuer Name
CENTURY JOINT DEVELOPMENTS P...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
-
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U70200KA2010PTC052710
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
SECURED UNRATED UNLISTED NON...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
700
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
30-09-2022
Redemption Date
30-09-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
180%
Details of Asset Cover
demand promissory note(s) in relation to the Secured Obligations
Asset Type
Details of the security
Others, Please Specify
first ranking exclusive charge by way of hypothecation over the entire partnership interest held by Mr. KN Yellappa, Mr. A Ramakrishna, Ms. Mahadeviaha, Century Real Estate Holdings Private Limited and Suruchi Properties Private Limited in Akruthi Enterprises and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking pledge over 33% of the issued and paid up equity share capital of Century Real Estate Holdings Private Limited and such other assets as set out under the relevant debenture documents
Others, Please Specify
demand promissory note(s) in relation to the Secured Obligations
Others, Please Specify
non disposal undertaking in relation to 67% of the issued and paid up share capital of Century Real Estate Holdings Private Limited on a fully diluted basis
Others, Please Specify
first ranking pari passu pledge over 100% of the issued and paid up equity share capital of Century Joint Developments Private Limited and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking exclusive charge by way of hypothecation over inter alia the identified bank accounts, moveable fixed assets, current assets and identified receivables, pertaining to HM World City Units, Project Century Lakeview, Project Mysore, Project Landmark, Project Calina and Project Sankhya and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking exclusive charge by way of hypothecation over the entire interest held by Dr. Dayananda Pai in Global Associates and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking exclusive charge by way of hypothecation over the entire partnership interest held by Mr. Satish Pai, Mr. Ashwin Pai and Suruchi Properties Private Limited in Adarsh Enterprises and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking exclusive charge by way of hypothecation over the entire partnership interest held by Century Assets Private Limited, Mr. P Ravindra Pai, Mr. P. Ashwin Pai, and Dr. Dayananda Pai in Prestige Century Megacity and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking exclusive charge by way of hypothecation over the entire partnership interest held by Mr. Satish Pai and Mr. Ashwin Pai in Vinayaka Enterprises and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking exclusive charge by way of hypothecation over the entire partnership interest held by Century Joint Developments Private Limited, Century Real Estate Holdings Private Limited, Mr. Ravindra Pai, Mr. A Ramakrishna and Mr. MS Mahadeviah in Century Star and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking exclusive charge by way of hypothecation over the partnership interest of Century Assets Private Limited, Mr. P Ravindra Pai and Mr. P. Ashwin Pai in Prestige Century Landmark and such other assets as set out under the relevant debenture documents
Others, Please Specify
first ranking exclusive pledge over 100% of the issued and paid up equity share capital of the Century Assets Private Limited and such other assets as set out under the relevant debenture documents
Immovable Assets
first ranking exclusive charge by way of mortgage over HM World City Units, Project Century Lakeview, Project Mysore, Project Landmark, Project Calina, Project Sankhya and such other assets set out under and in accordance with the relevant debenture documents.
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About Century Joint Developments Private Limited bond with ISIN: INE050R07075
In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE050R07075, represents a significant financial instrument. Issued by CENTURY JOINT DEVELOPMENTS PRIVATE LIMITED, it comes with the following description: "SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 30/09/2028.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, CENTURY JOINT DEVELOPMENTS PRIVATE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U70200KA2010PTC052710 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 700. It was allotted on 9/30/2022 and is scheduled for redemption on 9/30/2028. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. No credit rating information is available for this bond. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: demand promissory note(s) in relation to the Secured Obligations – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. There are no additional documents available for this bond. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE050R07067 having a coupon rate of 18% and the bond with ISIN INE050R07091 having a coupon rate of 10 and the bond with ISIN INE050R07109 having a coupon rate of N/A and the bond with ISIN INE050R07109 having a coupon rate of N/A. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.