Veranda Xl Learning Solutions Private Limited
ACTIVE
ISIN: INE0OFP07015
Issuer Details
Issuer Name
VERANDA XL LEARNING SOLUTION...
Type of Issuer
Non PSU
Sector
Consumer Services
Coupon Rate
-
Industry
Other Consumer Services
Issuer nature
Other
Corporate Identity Number (CIN)
U80100TN2019PTC126711
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
RESET RATE SECURED UNRATED U...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
145
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
27-03-2024
Redemption Date
01-02-2029
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
Exclusive pledge over all shares of subsidiaries step down subsidiaries associate companies of Veranda Learning Solutions Limited VLSL pari passu with debentures issued by VLSL and Veranda Race Learning Solutions P. Ltd. more particularly set out in transaction documents
Asset Type
Details of the security
Others, Please Specify
Exclusive pledge over all shares of subsidiaries step down subsidiaries associate companies of Veranda Learning Solutions Limited VLSL pari passu with debentures issued by VLSL and Veranda Race Learning Solutions P. Ltd. more particularly set out in transaction documents
Current Assets
first ranking pari passu charge over respective present and future current, assets, movable assets receivables, account assets of the Issuer, VLSL, Race, Edureka, Veranda IAS, Veranda Management, Veranda Administrative and Sreedhar other than the DSRA, DSRA Required Balance and the Designated Account and all amounts lying thereto of the Issuer, VLSL and Race more particularly set out in transaction documents
Others, Please Specify
Exclusive charge over the DSRA and balances therein Exclusive charge over the Escrow Accounts, including VXL Escrow Accounts and VLSL, Race, Veranda IAS, Brain4ce, Veranda Administrative Learning Solutions, VMLS, ,Sreedhar CCE Learning Solutions Pvt Ltd, Six Phrase Edutech Pvt Ltd, Neyyar Academy Pvt Ltd, Neyyar Education Pvt Ltd, PHIRE, SmartBridge, BAssure, Educare, Talentely Escrow Accounts, and balances therein more particularly set out in transaction documents
Others, Please Specify
Exclusive pledge over shares of VLSL so as to provide a cover of 0.50x of INR 4,25,00,00,000 pari passu with debentures issued by VLSL and Veranda Race Learning Solutions P. Ltd. more particularly set out in transaction documents
Immovable Assets
Exclusive mortgage over all real estate properties owned by the issuers Issuers and Corporate Guarantors except certain assets of Neyyar Academy Neyyar Education as identified in Transaction Documents inter alia including a land and building comprised in Survey in 561B admeasuring 84 cents situated in Number 11, Seevaram Village, Perungudi Chennai and b land and building situated in Survey Number 35A, 35B, 35C,35D, 35E, 36 and 2965B in Gundur Village , Thiruvembur Taluk, Trichirapalli,
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About Veranda Xl Learning Solutions Private Limited bond with ISIN: INE0OFP07015
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 INE0OFP07015, represents a significant financial instrument. Issued by VERANDA XL LEARNING SOLUTIONS PRIVATE LIMITED, it comes with the following description: "RESET RATE SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES I DATE OF MATURITY 01/02/2029.". 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, VERANDA XL LEARNING SOLUTIONS 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) U80100TN2019PTC126711 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 100000 with an issue size of 145. It was allotted on 3/27/2024 and is scheduled for redemption on 2/1/2029. 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: Exclusive pledge over all shares of subsidiaries step down subsidiaries associate companies of Veranda Learning Solutions Limited VLSL pari passu with debentures issued by VLSL and Veranda Race Learning Solutions P. Ltd. more particularly set out in transaction documents – 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 INE0OFP07049 having a coupon rate of N/A and the bond with ISIN INE0OFP07023 having a coupon rate of N/A and the bond with ISIN INE0OFP07031 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.