Description
BSE announces reduced face values for debentures of two companies following partial redemption effective July 30, 2025.
Summary
BSE has notified trading members about the partial redemption of debentures by Provident Cedar Private Limited and Provident Meryta Private Limited. The redemption results in reduced face values for the affected debentures, which will be effective from July 30, 2025.
Key Points
- Provident Cedar Private Limited (PCPL-17-4-28-PVT, INE0NF907031) debentures reduced to Rs. 355,865.36 per debenture
- Provident Meryta Private Limited (PMPL-ZC-30-10-29-PVT, INE0NF807025) debentures reduced to Rs. 5,000 per debenture
- Changes effective from July 30, 2025
- Trading members must note the new face values for trading purposes
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notification for debt securities.
Compliance Requirements
- Trading members must update their systems with the new reduced face values
- All trading in these debentures must reflect the revised face values from the effective date
- Trading members are required to take note of these changes
Important Dates
- Effective Date: July 30, 2025
- Notice Date: July 29, 2025
- DR Reference: DR-684/2025-2026
Impact Assessment
Minimal market impact as this affects only two specific private company debentures. The partial redemption is a routine corporate action that reduces the outstanding principal amount of the debt securities. Trading members need to ensure their systems reflect the correct face values to avoid settlement issues.
Impact Justification
Routine corporate action affecting specific debt securities with limited market impact