Description
BSE announces part redemption of non-convertible debentures for three series of KOLTE-PATIL DEVELOPERS LTD with reduced face values effective August 29, 2025.
Summary
BSE has announced the part redemption of non-convertible debentures for KOLTE-PATIL DEVELOPERS LTD across three debenture series. The redemption involves significant face value reductions and will be effective from August 29, 2025, with record date set as August 30, 2025.
Key Points
- Three debenture series of KOLTE-PATIL DEVELOPERS LTD undergoing part redemption
- Trading will commence with reduced face values from August 29, 2025
- Record date for redemption eligibility is August 30, 2025
- Settlement number DR-704/2025-2026 assigned for all three series
Regulatory Changes
No regulatory framework changes announced in this circular.
Compliance Requirements
- Trading members must note the reduced face values for trading purposes
- Debenture trading will reflect new reduced face values from the effective date
- Members should update their systems to reflect the new face values
Important Dates
- Effective Date: August 29, 2025 (reduced face value trading begins)
- Record Date: August 30, 2025 (eligibility for part redemption)
- Settlement: DR-704/2025-2026
Impact Assessment
The part redemption affects three debenture series with substantial face value reductions:
- KPDL-ZC-17-4-33-PVT: Reduced to Rs. 74,679 per debenture
- KPDL-21-12-33-PVT: Reduced to Rs. 73,065 per debenture
- KPDL-ZC-20-9-34-PVT: Reduced to Rs. 77,287 per debenture
This represents a significant capital return to debenture holders and will impact the outstanding debt portfolio of KOLTE-PATIL DEVELOPERS LTD.
Impact Justification
Standard debt instrument redemption affecting specific debenture holders with material face value changes