Description
BSE notice regarding part redemption of non-convertible debentures and interest payment 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 along with interest payment, with record date set for September 4, 2025. The debentures will trade with reduced face values effective from the same date.
Key Points
- Two series of debentures affected: PFL-7.96%-20-9-27-PVT and PFL-9.25%-19-3-26-PVT
- Record date for interest payment and part redemption: September 4, 2025
- Trading with reduced face values begins September 4, 2025
- Settlement number: DR-708/2025-2026
Regulatory Changes
No regulatory framework changes, standard corporate action processing.
Compliance Requirements
- Trading members must note the reduced face values for affected debentures
- Standard corporate action compliance procedures apply
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 holders of these specific debenture series. Trading systems will reflect new face values from effective date.
Impact Justification
Affects specific debenture holders with face value changes but limited to debt securities of one company