Description
Trading in BERAR FINANCE LTD debentures to resume with revised face value of Rs.6666.67 after clarification on record date purpose.
Summary
BSE has announced the resumption of trading in debentures of BERAR FINANCE LTD (Scrip Code 976143) with effect from August 4, 2025. The trading will commence with a revised face value of Rs.6666.67 following clarification that the June 13, 2025 record date was for interest payment and partial redemption, not full redemption as initially communicated.
Key Points
- Trading in BERAR FINANCE LTD debentures (Scrip Code 976143) to resume from August 4, 2025
- Revised face value of Rs.6666.67 per debenture
- Clarification provided on the purpose of June 13, 2025 record date
- Record date was for interest payment and partial redemption, not full redemption
- Reference to previous exchange notice dated June 3, 2025
Regulatory Changes
No new regulatory changes introduced. This is a clarification and resumption notice following corporate action completion.
Compliance Requirements
- Trading members must note the revised face value for trading purposes
- All trading activities must comply with the new face value of Rs.6666.67
- Members should update their systems with the correct debenture specifications
Important Dates
- June 3, 2025: Original exchange notice date
- June 13, 2025: Record date for interest payment and partial redemption
- August 1, 2025: Current notice date
- August 4, 2025: Trading resumption date with revised face value
Impact Assessment
Medium impact on debt market participants holding or trading BERAR FINANCE LTD debentures. The face value adjustment from partial redemption will affect trading calculations and portfolio valuations. Debenture holders benefit from partial redemption while retaining exposure to remaining principal amount.
Impact Justification
Medium impact as it affects specific debenture trading with face value adjustment following corporate action clarification