Description
NEOGROWTH CREDIT PRIVATE LIMITED has fixed record date for part redemption of non-convertible debentures with reduced face value effective August 8, 2025.
Summary
NEOGROWTH CREDIT PRIVATE LIMITED has announced a part redemption of its non-convertible debentures with record date of August 8, 2025. Following the redemption, trading in the debentures will continue with a reduced face value of Rs. 49,999.99 per debenture, effective from August 8, 2025.
Key Points
- Company: NEOGROWTH CREDIT PRIVATE LIMITED
- Debenture Code: NCPL-12%-23-5-26-PVT (INE814O07519)
- Security Code: 975686
- Record Date: August 8, 2025
- Reduced Face Value: Rs. 49,999.99 per debenture
- Effective Date: August 8, 2025
- Settlement Number: DR-691/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note that trading in the debentures will be conducted with the reduced face value from the effective date
- All trading systems and records must be updated to reflect the new face value
Important Dates
- Record Date: August 8, 2025
- Effective Date for Reduced Face Value Trading: August 8, 2025
- Settlement Number: DR-691/2025-2026
Impact Assessment
This part redemption will reduce the outstanding face value of each debenture to Rs. 49,999.99, affecting the trading dynamics and valuation of the security. Existing debenture holders will receive partial redemption proceeds while retaining reduced face value securities for continued trading.
Impact Justification
Corporate action affecting debenture trading with reduced face value, material for debt investors