Description
BSE announces listing of two new debt securities issued by Piramal Finance Limited on private placement basis with interest rates of 9% and 9.10% p.a.
Summary
BSE has listed two new debt securities issued by Piramal Finance Limited on private placement basis, effective July 29, 2025. The securities carry interest rates of 9% and 9.10% per annum with credit ratings of CARE AA/Stable and ICRA AA/Stable.
Key Points
- Two new debt securities listed on BSE Debt segment
- Issue 1: 70,000 units at 9% interest rate, maturing June 28, 2027
- Issue 2: 11,000 units at 9.10% interest rate, maturing June 28, 2030
- Face value and issue price: Rs. 100,000 per unit
- Securities will trade only in dematerialized form
- Tick size: 1 paise
Security Details
First Issue (ISIN: INE202B07JT0)
- Scrip Code: 976955
- Quantity: 70,000 units
- Interest Rate: 9% p.a.
- Maturity: June 28, 2027
- Annual interest payment dates: July 28, 2026 to June 28, 2027
Second Issue (ISIN: INE202B07JU8)
- Scrip Code: 976956
- Quantity: 11,000 units
- Interest Rate: 9.10% p.a.
- Maturity: June 28, 2030
- Annual interest payment dates: July 28, 2026 to June 28, 2030
Important Dates
- Date of Allotment: July 28, 2025
- Listing Date: July 29, 2025
- First Interest Payment: July 28, 2026
Impact Assessment
This is a routine listing of debt securities with minimal market impact. The securities are privately placed and will provide additional investment options in the debt segment for institutional investors.
Impact Justification
Routine debt securities listing with no market-wide impact