Description
BSE announces listing of Berar Finance Limited's 10.95% private placement debt securities worth ₹30 crore, maturing August 2027.
Summary
BSE has listed new debt securities of Berar Finance Limited issued on private placement basis, effective September 2, 2025. The securities carry a 10.95% annual interest rate with quarterly payments and will mature on August 29, 2027. The issue size is 30,000 units with a face value of ₹10,000 each, totaling ₹30 crore.
Key Points
- Scrip Code: 977068 (Scrip ID: 1095BRFL27)
- ISIN: INE998Y07204
- Credit Rating: IND BBB+/Stable
- Interest Rate: 10.95% per annum
- Payment Frequency: Quarterly
- Issue Size: 30,000 units at ₹10,000 face value
- Total Issue Value: ₹30 crore
Regulatory Changes
No regulatory changes announced. This is a routine listing notification for privately placed debt securities.
Compliance Requirements
- Securities must be traded only in dematerialized form
- Tick size for trading is 1 paise
- Market lot size is 1 unit
- Trading members should refer to the Placement Memorandum available on BSE website for complete details
Important Dates
- Date of Allotment: August 29, 2025
- Listing Date: September 2, 2025
- Interest Payment Dates: Quarterly from November 29, 2025 to August 29, 2027
- Maturity Date: August 29, 2027
Impact Assessment
Minimal market impact as this is a routine listing of privately placed debt securities with moderate credit rating (IND BBB+/Stable). The securities provide fixed income investment opportunity with quarterly interest payments over a 2-year tenure. No put/call options are available, indicating a straightforward debt instrument.
Impact Justification
Routine debt listing for a single issuer with IND BBB+ rating, limited market impact