Description
BSE announces partial redemption of Steel Exchange India Ltd debentures with reduced face value effective July 29, 2025.
Summary
BSE has informed trading members about the partial redemption of debentures issued by Steel Exchange India Ltd. The company has reduced the face value per debenture following partial redemption, which will be effective from July 29, 2025.
Key Points
- Steel Exchange India Ltd (SEIL) has partially redeemed its debentures
- Scrip Code: SEIL-18.75%-31-3-28-PVT (INE503B07036, 960441)
- New reduced face value: Rs. 603,215/- per debenture
- Trading with reduced face value starts July 29, 2025
- Document reference: DR-683/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification for partial debenture redemption.
Compliance Requirements
- Trading members must note the reduced face value for trading purposes
- All future trades in these debentures must reflect the new face value
- Trading members should update their systems accordingly
Important Dates
- Notice Date: July 28, 2025
- Effective Date: July 29, 2025 (trading with reduced face value begins)
Impact Assessment
Limited market impact as this affects only specific debentures of Steel Exchange India Ltd. Trading members dealing in these debt instruments need to update their records and trading systems to reflect the new face value. The partial redemption reduces the outstanding debt burden of the issuer while providing liquidity to debenture holders.
Impact Justification
Partial redemption affects specific debenture trading but limited to single issuer