Description
Notice regarding part redemption of non-convertible debentures with reduced face values effective September 4, 2025.
Summary
PIRAMAL FINANCE LIMITED has announced part redemption of two series of non-convertible debentures with record date set for September 4, 2025. Trading will commence with reduced face values effective from the same date.
Key Points
- Two debenture series affected: PFL-7.96%-20-9-27-PVT and PFL-9.25%-19-3-26-PVT
- Record date fixed for both interest payment and part redemption: September 4, 2025
- Trading to continue with reduced face values from effective date
- Settlement number: DR-708/2025-2026
Regulatory Changes
No regulatory framework changes. Standard corporate action process for debenture part redemption.
Compliance Requirements
- Trading members must note the reduced face values for trading purposes
- Debenture trading to reflect new face values from September 4, 2025
- Record date compliance for eligible debenture holders
Important Dates
- Record Date: September 4, 2025
- Effective Date for Reduced Face Value: September 4, 2025
- Settlement: DR-708/2025-2026
Impact Assessment
Debenture Details:
- PFL-7.96%-20-9-27-PVT (INE641O07144): Face value reduced to Rs. 666,000 per debenture
- PFL-9.25%-19-3-26-PVT (INE516Y07279): Face value reduced to Rs. 500,000 per debenture
Impact limited to existing debenture holders of PIRAMAL FINANCE LIMITED. Trading members must adjust systems for new face values to ensure accurate pricing and settlement.
Impact Justification
Affects specific debenture holders with face value changes and trading implications