Description
BSE announces listing of Berar Finance Limited's 10.95% private placement bonds worth Rs. 30 crore, maturing in August 2027.
Summary
BSE has listed new debt securities of Berar Finance Limited issued on private placement basis. The securities consist of 30,000 bonds with face value of Rs. 10,000 each, totaling Rs. 30 crore. The bonds carry an interest rate of 10.95% per annum with quarterly payments and will mature on August 29, 2027.
Key Points
- 30,000 bonds listed with face value of Rs. 10,000 each
- Interest rate: 10.95% per annum paid quarterly
- Credit rating: IND BBB+/Stable
- Scrip Code: 977068
- ISIN: INE998Y07204
- Trading only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced. Standard debt listing procedures apply.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities to be traded under ISIN INE998Y07204
- Placement Memorandum available on BSE website for reference
Important Dates
- Date of Allotment: August 29, 2025
- Interest Payment: Quarterly from November 29, 2025 to August 29, 2027
- Maturity Date: August 29, 2027
- Listing Effective Date: September 2, 2025
Impact Assessment
Minimal market impact expected. This is a routine private placement debt listing with moderate size (Rs. 30 crore) and investment-grade rating (BBB+). The securities will trade in the BSE debt segment with standard trading parameters.
Impact Justification
Routine debt security listing with modest size (Rs. 30 crore) and BBB+ rating, limited market impact