Description
BSE announces listing of ₹11 crore debt securities by Powai Lake Residential Private Limited with 10% p.a. interest rate and 10-year maturity.
Summary
BSE has listed new debt securities worth ₹11 crore issued by Powai Lake Residential Private Limited on private placement basis. The securities carry a 10% annual interest rate and mature on September 1, 2035.
Key Points
- Issue size: ₹11 crore (1,100 securities of ₹1 lakh each)
- Scrip Code: 977080, ISIN: INE17UL08054
- Interest rate: 10% per annum paid annually
- Credit rating: CARE BBB-/Stable
- Securities tradeable only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Securities to be traded under specified ISIN number
- Reference to placement memorandum required for detailed information
Important Dates
- Allotment date: September 2, 2025
- Listing effective: September 3, 2025
- Interest payment period: April 2, 2029 to September 1, 2035
- Redemption date: September 1, 2035
Impact Assessment
Minimal market impact as this is a routine private placement debt listing. The securities provide institutional investors access to a 10-year corporate bond with BBB- rating from a real estate entity.
Impact Justification
Routine debt security listing with limited market impact