INE1VXE07023 | 11.35% | STL Networks Limited

11.35%

YTM

₹98,794.9

Minimum investment

Quarterly

Payout

30 Jun 2028

Maturity

10.35%

Coupon Rate

₹1,00,000

Face Value

Currently subscribed15 Units available

0% Sold

11.35% / +100 bpsYTM vs coupon

yield above stated coupon

98.3412 / 98.7949Clean / dirty price

Excluding / including accrued interest

About the Issuer

STL Networks Limited is a leading provider of digital infrastructure and IT services, enabling large-scale digital transformation across Enterprise, Telecom, Government, and Defence sectors.

Debenture trustee: Axis Trustee Services Limited
Issuance date: 30 Jan 2026

Key terms

Secured by first pari-passu charge on current assets.
Rated IND A-/Stable by India Ratings.
Backed by strong parentage from Twin Star/Vedanta.

Quarterly Interest PayoutPrincipal Paid Across Schedule

₹98,794.9Principal Invested

₹16,387.47Interest earned

₹1,16,387.47Final Payout

Interest Payout Schedule

Interest payout schedule for selected units, with payout date, interest amount, and principal amount.
Payout Date	Interest (₹)	Principal (₹)
30 Jan 2027	₹2,608.76	--
30 Apr 2027	₹2,552.05	--
30 Jul 2027	₹2,580.41	--
30 Oct 2027	₹2,608.76	--
30 Jan 2028	₹2,601.63	--
30 Apr 2028	₹2,573.36	₹50,000
30 Jun 2028	₹862.5	₹50,000
Total	₹16,387.47	₹1,00,000

Issuer and structure highlights

Large-Scale Execution

Proven track record in deploying digital infrastructure, including ~123,000 route kilometers of optical fibre across India.

Customer-Centric Approach

Deep understanding of customer needs with strategic, long-term partnerships spanning telecom, government, and defence.

Robust Vendor Ecosystem

Nationwide footprint supported by strong contractors and OEMs ensuring rapid mobilization and operational flexibility.

Key Risks

Fixed-Price Contracts Risk

Contracts without cost escalation clauses expose the company to potential margin reductions from unforeseen delays or material cost increases.

Revenue Concentration

A highly concentrated customer base where a small number of clients contribute significantly to overall revenue.

Project Approvals Delay

Dependence on customers for statutory clearances and right-of-way permissions can cause significant project delays.

Summarised from the issuer's disclosures and the rating rationale. Read the full offer document and rating rationale before investing.

Adequate SafetyStable Outlook

IND A-/ StableNov 2025

Rating rationale summary

India Ratings has assigned 'IND A-/Stable' to the NCDs based on the company's strong execution capabilities, robust project management, and promoter backing.

Summary points

Assigned IND A-/Stable by India Ratings.
Reflects strong operational discipline.

Outlook implications

The Stable outlook indicates that the rating agency expects the company to maintain its financial risk profile and execution momentum over the medium term.

Implications for investors

An 'IND A-' rating indicates an adequate degree of safety regarding timely servicing of financial obligations.
A Stable outlook implies the rating is unlikely to change in the near term.

Watch for: Significant delays in project execution or deterioration in liquidity.

Rating Drivers

Strong project execution track.

Backed by Vedanta group.

How this issuer compares to peers

Benchmark yield, balance-sheet strength, and risk indicators against similar issuers to make the credit case easier to validate.

Where it stands out

End-to-End Digital Infrastructure Enabler

Digital Infrastructure IT Services Telecom EPCCombines execution discipline with advanced tech capabilities like AI and cybersecurity at national scale.

Invest

Units

Trade & Settlement

Settlement date

16 Oct 2026

Orders placed after 4 PM will be executed on the next business day. Weekends and exchange holidays are skipped.

Totals (For Selected Units)

Price per Unit

₹98,794.9

Investment amount

₹98,794.9

Total Interest

₹16,387.47

Total Receivable

₹1,16,387.47

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STL Networks Limited