Description
Part redemption of three series of non-convertible debentures of Kolte-Patil Developers with reduced face values effective August 14, 2025.
Summary
Kolte-Patil Developers Ltd has announced part redemption of three series of non-convertible debentures with record date of August 14, 2025. Trading in these debentures will continue with reduced face values effective from the same date.
Key Points
- Three debenture series affected: KPDL-ZC-17-4-33-PVT, KPDL-21-12-33-PVT, and KPDL-ZC-20-9-34-PVT
- Record date for redemption: August 14, 2025
- Trading continues with reduced face values from August 14, 2025
- Settlement number: DR-695/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the reduced face values for continued trading
- Debenture holders should be aware of the partial redemption on record date
Important Dates
- Record Date: August 14, 2025
- Effective Date for Reduced Face Value: August 14, 2025
- Settlement Number: DR-695/2025-2026
Impact Assessment
The part redemption results in substantial reductions in face values: KPDL-ZC-17-4-33-PVT reduced to Rs. 75,487 per debenture, KPDL-21-12-33-PVT to Rs. 73,905 per debenture, and KPDL-ZC-20-9-34-PVT to Rs. 78,566 per debenture. This affects the trading dynamics and valuation of these debt securities for existing holders.
Impact Justification
Part redemption affects three debenture series with significant face value reductions, impacting debt security holders