Description
BSE announces part redemption of non-convertible debentures by Piramal Finance Limited with reduced face values effective September 4, 2025.
Summary
Piramal Finance Limited has announced part redemption of its non-convertible debentures with record date set for September 4, 2025. Two series of debentures will have their face values reduced - the 7.96% series to Rs. 666,000 per debenture and the 9.25% series to Rs. 500,000 per debenture. Trading will commence with reduced face values from the effective date.
Key Points
- Part redemption affects two series of Piramal Finance Limited debentures
- 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
- Simultaneous payment of interest on both series
- Trading to continue with new reduced face values
Regulatory Changes
No regulatory changes. This is a standard corporate action for debt securities involving partial redemption of principal amount.
Compliance Requirements
- Trading members must note the change in face values for trading purposes
- Debenture trading will reflect reduced face values from effective date
- Settlement number DR-708/2025-2026 applies to both series
Important Dates
- Record Date: September 4, 2025
- Effective Date: September 4, 2025
- Settlement Number: DR-708/2025-2026
Impact Assessment
Medium impact on debenture holders of Piramal Finance Limited who will receive partial redemption of principal plus interest payment. Trading liquidity may be temporarily affected as market adjusts to new face values. No broader market impact expected as this is company-specific corporate action.
Impact Justification
Standard corporate action affecting specific debenture holders with predetermined impact on face values