Description
BSE announces listing of two new debt securities issued by Piramal Finance Limited on private placement basis.
Summary
BSE has listed two new debt securities of Piramal Finance Limited issued on private placement basis, effective July 29, 2025. The securities comprise debentures with 9% and 9.10% interest rates, maturing in 2027 and 2030 respectively.
Key Points
- Two new debt securities listed: PFL-9%-28-6-27-PVT and PFL-9.10%-28-6-30-PVT
- Issue quantities: 70,000 units and 11,000 units respectively
- Face value: Rs. 1,00,000 per unit for both securities
- Credit ratings: CARE AA/Stable and ICRA AA/Stable
- Securities tradeable only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Must use specified ISIN numbers for trading
- Refer to Placement Memorandum for detailed information
Important Dates
- Date of Allotment: July 28, 2025
- Listing Effective Date: July 29, 2025
- Interest Payment Dates: Annually from July 28, 2026
- Redemption Dates: June 28, 2027 and June 28, 2030
Impact Assessment
Minimal market impact as this is a routine debt security listing. Provides additional investment options for institutional investors in AA-rated corporate bonds with competitive interest rates.
Impact Justification
Routine debt security listing with standard terms and conditions