Description
Piramal Finance Limited announces part redemption of non-convertible debentures with reduced face value from Rs. 1,000,000 to Rs. 500,000 per debenture effective August 28, 2025.
Summary
Piramal Finance Limited has announced part redemption of its non-convertible debentures (INE516Y07261) with a record date of August 28, 2025. The face value of the debentures will be reduced from the original amount to Rs. 500,000 per debenture, effective from August 28, 2025.
Key Points
- Company: Piramal Finance Limited
- ISIN: INE516Y07261 (Code: 973053)
- Debenture Series: PF-9.25%-12-3-26-PVT
- Record Date: August 28, 2025
- New Face Value: Rs. 500,000 per debenture
- Effective Date: August 28, 2025
- Settlement Number: DR-703/2025-2026
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 effective from August 28, 2025
- All market participants should adjust their systems and records to reflect the new face value
Important Dates
- Record Date: August 28, 2025 - For payment of interest and part redemption
- Effective Date: August 28, 2025 - Trading with reduced face value begins
- Settlement: DR-703/2025-2026
Impact Assessment
This corporate action affects debt market participants holding Piramal Finance Limited debentures. The face value reduction from the original amount to Rs. 500,000 per debenture will impact trading calculations, portfolio valuations, and settlement processes. Trading members and investors need to update their records accordingly to ensure accurate trading and settlement.
Impact Justification
Significant corporate action affecting debt securities trading with face value reduction