Description
VR DAKSHIN PRIVATE LIMITED announces part redemption of bonds with reduced face value effective August 29, 2025.
Summary
VR DAKSHIN PRIVATE LIMITED has announced part redemption of three series of bonds with record date August 29, 2025. Trading in these bonds will continue with reduced face value of Rs. 95,750 per bond effective from the record date.
Key Points
- Three bond series affected: TBILL+SPREAD, 10.70% fixed rate, and MIBOR+SPREAD bonds
- All bonds maturing March 31, 2035
- Record date: August 29, 2025
- New face value: Rs. 95,750 per bond (reduced from previous value)
- Trading continues with reduced face value from record date
Regulatory Changes
No regulatory changes - routine corporate action under existing framework.
Compliance Requirements
- Trading members must note the reduced face value effective from August 29, 2025
- Settlement numbers DR-703/2025-2026 and DR-704/2025-2026 assigned for different bond series
Important Dates
- August 29, 2025: Record date for part redemption and interest payment
- August 29, 2025: Effective date for reduced face value trading
Impact Assessment
Limited impact as this affects only VR DAKSHIN PRIVATE LIMITED bond holders. The part redemption provides liquidity to bondholders while allowing continued trading at reduced face value. No broader market implications expected.
Impact Justification
Routine corporate action affecting specific bond securities with limited market impact