Description
Trading suspension for POWER GRID bonds due to record date for interest payment and redemption on August 30, 2025.
Summary
BSE has suspended trading in bonds of POWER GRID CORPORATION OF INDIA LIMITED effective August 29, 2025, due to the company fixing August 30, 2025, as the record date for interest payment and bond redemption.
Key Points
- Trading suspension applies to PGCIL-8.40%-14-9-25-PVT bonds (ISIN: INE752E07ND4, Code: 953435)
- No dealings allowed from August 29, 2025
- Record date set for August 30, 2025
- Purpose: Redemption of bonds and payment of interest
Regulatory Changes
No regulatory changes - standard corporate action procedure.
Compliance Requirements
- Trading members must not deal in the specified bond from August 29, 2025
- Trading members are advised to take note of the suspension
Important Dates
- August 29, 2025: Trading suspension begins (no dealings from this date)
- August 30, 2025: Record date for interest payment and bond redemption
Impact Assessment
Standard temporary trading suspension to facilitate corporate action processing. Limited impact as this is a routine procedure for bond interest payments and redemptions. Trading members holding or intending to trade these bonds must adjust their positions accordingly.
Impact Justification
Standard bond trading suspension for corporate action processing