Description
BSE announces listing and trading of new debt securities issued by Midland Microfin Limited on private placement basis.
Summary
BSE has listed new debt securities of Midland Microfin Limited issued on private placement basis with effect from August 22, 2025. The securities will trade in dematerialized form under ISIN INE884Q07780.
Key Points
- Quantity: 50,000 securities with market lot of 1
- Scrip Code: 977047, Scrip ID: 12MML2026
- Face Value: Rs. 10,000 per security
- Interest Rate: 12% per annum
- Credit Rating: ACUITE A-
- Securities tradeable only in demat form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Use specified ISIN number INE884Q07780 for trading
- Refer to Placement Memorandum for detailed terms
Important Dates
- Date of Allotment: August 21, 2025
- Trading Effective Date: August 22, 2025
- Interest Payment Dates: Quarterly from November 19, 2025 to November 19, 2026
- Redemption Date: November 19, 2026
Impact Assessment
Minimal market impact as this is a routine debt security listing for a microfinance company. The securities are rated ACUITE A- and offer 12% annual interest with quarterly payments over approximately one year tenure.
Impact Justification
Routine debt security listing with limited market impact