Titan Company Limited
INACTIVE
ISIN: INE280A08023
Issuer Details
Issuer Name
TITAN COMPANY LIMITED
Type of Issuer
Non PSU
Sector
Consumer Durables
Coupon Rate
7.75%
Industry
Consumer Durables
Issuer nature
-
Corporate Identity Number (CIN)
L74999TZ1984PLC001456
Name of the Lead Manager
-
Registrar
TSR Darashaw Private Limited
Name of Debenture Trustee
Axis Trustee Services Limite...
Instrument Details
Instrument name as on NSDL
7.75% UNSECURED RATED LISTED...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
1250
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
03-11-2023
Redemption Date
05-05-2025
Whether Secured or Unsecured
Unsecured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Cash Flow Schedule
Cash Flow Event
Record Date
Interest
27-10-2024
Redemption
28-04-2025
Interest
28-04-2025
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About Titan Company Limited bond with ISIN: INE280A08023
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 INE280A08023, represents a significant financial instrument. Issued by TITAN COMPANY LIMITED, it comes with the following description: "7.75% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES 1 DATE OF MATURITY 05/05/2025". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, TITAN COMPANY LIMITED, classified as N/A, 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) L74999TZ1984PLC001456 further bolster its credibility. With a coupon rate of 7.75, this instrument has been meticulously managed with the assistance of TSR Darashaw Private Limited and under the oversight of Axis Trustee Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 1250. It was allotted on 11/3/2023 and is scheduled for redemption on 5/5/2025. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Unsecured, 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. The bond carries a credit rating of AAA as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AAA is generally considered to be on the riskier end of the spectrum. 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: No specific asset cover description available. – 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. The bond is supported by a variety of documents including CRISIL RATINGS LIMITED_-. 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 INE280A08015 having a coupon rate of 7.75%. 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.