Description
Vistaar Financial Services has fixed record date for part redemption and interest payment on debentures with reduced face value effective September 3, 2025.
Summary
Vistaar Financial Services Pvt Ltd has announced part redemption of its non-convertible debentures along with interest payment. The company has set September 3, 2025 as the record date, with trading to commence at reduced face value of Rs. 75,000 per debenture from the same date.
Key Points
- Company: VISTAAR FINANCIAL SERVICES PVT LTD
- Debenture Code: VFSL-9.65-18-6-26-PVT (ISIN: INE016P07229, BSE Code: 975745)
- Record Date: September 3, 2025
- Purpose: Part redemption of debentures and interest payment
- New face value: Rs. 75,000 per debenture (reduced from previous value)
- Effective date for reduced face value trading: September 3, 2025
- Settlement number: DR-707/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the change in face value for debenture trading
- Debentures will trade at reduced face value of Rs. 75,000 per debenture from September 3, 2025
- All trading and settlement activities must reflect the new face value from the effective date
Important Dates
- Record Date: September 3, 2025 - Eligibility date for part redemption and interest payment
- Effective Date: September 3, 2025 - Trading begins with reduced face value
- Circular Date: August 28, 2025
Impact Assessment
This circular has medium impact as it affects debenture holders and trading members dealing with Vistaar Financial Services debentures. The face value reduction will impact the trading price and liquidity calculations. Trading members need to update their systems to reflect the new face value to ensure accurate pricing and settlement.
Impact Justification
Affects debenture holders of specific company with face value reduction impacting trading