Description
BSE lists new debt securities of Piramal Finance Limited worth ₹81 crore with 9% and 9.1% interest rates maturing in 2027 and 2030.
Summary
BSE has listed new debt securities of Piramal Finance Limited issued on private placement basis, effective July 29, 2025. Two tranches totaling ₹81 crore have been admitted for trading on the BSE Debt segment.
Key Points
- Two new debt securities listed: PFL-9%-28-6-27-PVT (₹70 crore) and PFL-9.10%-28-6-30-PVT (₹11 crore)
- Face value of ₹1,00,000 per security for both tranches
- Credit rating: CARE AA/Stable and ICRA AA/Stable for both securities
- Securities will trade only in dematerialized form
- Tick size set at 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities must be traded under specified ISIN numbers (INE202B07JT0 and INE202B07JU8)
- Trading members can refer to Placement Memorandum for additional details
Important Dates
- Allotment Date: July 28, 2025
- Listing Date: July 29, 2025
- Interest Payment: Annually starting July 28, 2026
- Redemption Dates: June 28, 2027 (first tranche) and June 28, 2030 (second tranche)
Impact Assessment
Minimal market impact as this is a routine debt securities listing. The securities provide institutional investors with AA-rated investment options with competitive interest rates of 9% and 9.1% per annum.
Impact Justification
Routine debt securities listing with no immediate market impact