Reliance Capital Limited
ACTIVE
ISIN: INE013A078S5
Issuer Details
Issuer Name
RELIANCE CAPITAL LIMITED
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
-
Industry
Finance
Issuer nature
NBFC
Corporate Identity Number (CIN)
L65910MH1986PLC165645
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
SECURED UNRATED UNLISTED RED...
Face Value (in ₹)
10000000
Total Issue size( in ₹ Cr.)
4300
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
10-03-2025
Redemption Date
17-03-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
First ranking pledge on all the RNLICL Pledged Shares held by the Company pursuant to the RNLICL Share Pledge Agreement within the timelines set out in Schedule 6 (Conditions Subsequent) of the Debenture Trust Deed
Asset Type
Details of the security
Others, Please Specify
The manner in which the Put Option will be exercised is also set out under the Put Option and Indemnity Deed. The key terms of the Put Option and Indemnity Deed are set out in Annexure I of PAS 4
Movable Asset
Second ranking pledge on CIPL Pledged Securities held or to be held by the Pledgors, CIPL Securities, constituting 100% (one hundred per cent) of the issued and paid up equity share capital of CIPL along with voting rights (on a fully diluted basis) pursuant to the CIPL Securities Pledge Agreement prior to the Deemed Date of Allotment
Others, Please Specify
Upon such right being exercised, the Put Option Grantor has an irrevocable obligation to purchase the Debentures in the manner specified in the Put Option and Indemnity Deed. The Put Option Grantor shall also have an irrevocable obligation to pay liquidated damages or indemnify the Debenture Holders and Trustee, in each case in the manner contemplated under the Put Option and Indemnity Deed, in case of occurrence of certain events specified in the Put Option and Indemnity Deed.
Movable Asset
First ranking pledge on Company Pledged Securities held or to be held by the Pledgors, Company Securities, pursuant to the Company Securities Pledge Agreement within the timelines set out in Schedule 6 (Conditions Subsequent) of the Debenture Trust Deed
Movable Asset
First ranking pledge on Company Pledged Securities held or to be held by the Pledgors, Company Securities, pursuant to the Company Securities Pledge Agreement within the timelines set out in Schedule 6 (Conditions Subsequent) of the Debenture Trust Deed
Movable Asset
First ranking pledge on all the RHICL Pledged Shares held by the Company pursuant to the RHICL Share Pledge Agreement within the timelines set out in Schedule 6 (Conditions Subsequent) of the Debenture Trust Deed
Movable Asset
First ranking charge by way of hypothecation on the Company Hypothecated Properties pursuant to the Company Deed of Hypothecation within the timelines set out in Schedule 6 (Conditions Subsequent). Provided that the hypothecation/ charge over the Company Excluded RNLICL Receivables will automatically be released and the same will not form part of the Company Hypothecated Properties on and from the date on which the proceeds of the Additional Company Debentures have been utilised towards redempti
Movable Asset
First ranking charge by way of hypothecation on all Subordinated Indebtedness Hypothecated Properties, Company of each Subordinated Lender, Company pursuant to its Deed of Hypothecation, Company Subordinated Indebtedness, which charge shall be created and perfected prior to such Subordinated Lender, Company providing its Subordinated Indebtedness, Company to the Company
Movable Asset
First ranking pledge on RSL Pledged Securities held or to be held by the Pledgors, RSL Securities, constituting 100% (one hundred per cent) of the issued and paid up equity share capital of RSL along with voting rights (on a fully diluted basis) and 100% (one hundred per cent) of the debt securities of RSL pursuant to the RSL Securities Pledge Agreement within the timelines set out in Schedule 6 (Conditions Subsequent) of the Debenture Trust Deed
Others, Please Specify
IIHL, as the Put Option Grantor will enter into the Put Option and Indemnity Deed in terms of which on and from the Put Option and Indemnity Effective Date, any Debenture Holders (acting through the debenture trustee) will have a right (but not the obligation) to be exercised in the manner set out under the Put Option and Indemnity Deed to sell and transfer their Debentures to the Put Option Grantor upon the exercise of the Put Option in accordance with the terms of the Put Option and Indemnity
Immovable Assets
If the Immovable Properties are not sold by the Company within a period of 6 (six) months from the Deemed Date of Allotment, a first ranking and exclusive mortgage over the Immovable Properties in favour of the Trustee will be created in a form and manner satisfactory to the Trustee within 30 (thirty) Business Days from the expiry of 6 (six) Months from the Deemed Date of Allotment
Others, Please Specify
The Company will execute a Non disposal Undertaking in favour of the Trustee within the timelines specified in Schedule 6 (Conditions Subsequent) in relation to the equity securities of Reliance Asset Reconstruction Company Limited (RARCL) held by it or the debt securities issued by RARCL to the Company
Others, Please Specify
The procedure for invocation of indemnity and receipt of payment is specified in the Put Option and Indemnity Deed.
Movable Asset
First ranking pledge on all the RNLICL Pledged Shares held by the Company pursuant to the RNLICL Share Pledge Agreement within the timelines set out in Schedule 6 (Conditions Subsequent) of the Debenture Trust Deed
Movable Asset
Second ranking charge by way of hypothecation on all Subordinated Indebtedness Hypothecated Properties, CIPL of each Subordinated Lender, CIPL pursuant to its Deed of Hypothecation, CIPL Subordinated Indebtedness, which charge shall be created and perfected prior to such Subordinated Lender, CIPL providing its Subordinated Indebtedness, CIPL to CIPL
Movable Asset
First ranking pledge on all the RGICL Pledged Shares held by the Company pursuant to the RGICL Share Pledge Agreement within the timelines set out in Schedule 6 (Conditions Subsequent) of the Debenture Trust Deed
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About Reliance Capital Limited bond with ISIN: INE013A078S5
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 INE013A078S5, represents a significant financial instrument. Issued by RELIANCE CAPITAL LIMITED, it comes with the following description: "SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 17/03/2028". 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, RELIANCE CAPITAL 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) L65910MH1986PLC165645 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 10000000 with an issue size of 4300. It was allotted on 3/10/2025 and is scheduled for redemption on 3/17/2028. 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: First ranking pledge on all the RNLICL Pledged Shares held by the Company pursuant to the RNLICL Share Pledge Agreement within the timelines set out in Schedule 6 (Conditions Subsequent) of the Debenture Trust Deed – 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 INE013A08325 having a coupon rate of 10.15% and the bond with ISIN INE013A077M0 having a coupon rate of 9.05% and the bond with ISIN INE013A079D5 having a coupon rate of 9% and the bond with ISIN INE013A08366 having a coupon rate of 9.65%. 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.