Description
Power Grid Corporation fixes record date for interest payment and part redemption of bonds with reduced face value effective August 8, 2025.
Summary
Power Grid Corporation of India Limited has announced a part redemption of its bonds with simultaneous interest payment. The bonds will trade with reduced face value of Rs. 80,000 per bond effective August 8, 2025, with record date set for August 9, 2025.
Key Points
- Company: Power Grid Corporation of India Limited
- Bond Code: PGCIL-7.5%-24-8-33-PVT (INE752E08700)
- Security ID: 975039
- Record Date: August 9, 2025
- Effective Date: August 8, 2025
- Settlement Number: DR-691/2025-2026
Regulatory Changes
Bonds will trade with reduced face value effective from the specified date as part of the redemption process.
Compliance Requirements
- Trading members must note the change in face value for trading purposes
- Bonds will trade at reduced face value of Rs. 80,000 per bond from August 8, 2025
Important Dates
- August 8, 2025: Effective date for reduced face value trading
- August 9, 2025: Record date for interest payment and part redemption
Impact Assessment
Bond holders will receive interest payment and partial redemption of principal. The reduced face value affects the trading denomination and market dynamics for these securities. Trading members need to adjust their systems and processes to accommodate the new face value.
Impact Justification
Corporate action affecting bond holders with specific trading implications and reduced face value