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  1. Home
  2. Veranda Xl Learning ...

Veranda Xl Learning Solutions Private Limited

ACTIVE

ISIN: INE0OFP07049

Issuer Details

Instrument Details

Security Measures

Cash Flow Schedule

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.)

12

Category of Instrument

PLAIN VANILLA DEBENTURES

Allotment Date

18-04-2024

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 charge over the DSRA, Designated Escrow Account and balances therein of the Issuer

Sr No.

Asset Type

Details of the security

1

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

2

Others, Please Specify

Exclusive pledge over shares of VLSL so as to provide a cover of atleast 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

3

Others, Please Specify

first ranking pari passu charge (on a pari passu basis with the VLSL Debt and Race Debt) over respective present and future current, assets (including account and account assets), movable assets receivables, account assets of the Issuer, VLSL, Race, Edureka, Veranda Management, Veranda Administrative, Sreedhar, Six Phrase, Neyyar Academy, BAssure, Neyyar Education, Educare, Talentely, Phire, Tapasya and Smartbridge (other than the DSRA, DSRA Required Balance and the Designated Account and all

4

Others, Please Specify

Exclusive charge over the DSRA, Designated Escrow Account and balances therein of the Issuer

5

Immovable Assets

Exclusive mortgage over certain identified immovable properties of Educare, more particularly set out in transaction documents

Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.

Similar Bonds

VERANDA XL LEARNING SOLUTIONS PRIVATE LIMITED

ISIN: INE0OFP07023

Face Value (in ₹)

100000


VERANDA XL LEARNING SOLUTIONS PRIVATE LIMITED

ISIN: INE0OFP07015

Face Value (in ₹)

100000


VERANDA XL LEARNING SOLUTIONS PRIVATE LIMITED

ISIN: INE0OFP07031

Face Value (in ₹)

100000


About Veranda Xl Learning Solutions Private Limited bond with ISIN: INE0OFP07049

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 INE0OFP07049, 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 IV 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 12. It was allotted on 4/18/2024 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 charge over the DSRA, Designated Escrow Account and balances therein of the Issuer – 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 INE0OFP07023 having a coupon rate of N/A and the bond with ISIN INE0OFP07015 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.

Disclaimer: The facts and information on this page are for information and awareness purposes only. No information provided here is intended towards any specific user and should not be construed as investment advice or a recommendation of any kind whatsoever. You are requested to consult with your professional investment advisor or tax advisor for specific directions on any investments in any securities including the bonds mentioned on this page before making any investment decision. Tap Bonds shall not be liable for any losses incurred by you based on an investment decision utilising the information.
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