Description
BSE announces part redemption of Piramal Finance Limited debentures with reduced face value effective September 11, 2025.
Summary
BSE has announced that Piramal Finance Limited will conduct part redemption of its Non-Convertible Debentures with a record date of September 11, 2025. The debentures will trade with reduced face value of Rs. 800 per debenture effective from the same date.
Key Points
- Company: Piramal Finance Limited
- Debenture Code: PFL-6.75%-26-9-31-PVT (ISIN: INE516Y07444)
- BSE Code: 973491
- Record date: September 11, 2025
- Purpose: Part redemption of debentures and payment of interest
- New face value: Rs. 800 per debenture
Regulatory Changes
No regulatory framework changes. This is a standard corporate action under existing debt securities regulations.
Compliance Requirements
- Trading members must note the reduced face value effective from September 11, 2025
- Debentures will trade with the new face value from the effective date
- Settlement number: DR-713/2025-2026
Important Dates
- Record Date: September 11, 2025
- Effective Date: September 11, 2025 (for reduced face value trading)
- Notice Date: September 9, 2025
Impact Assessment
This is a routine corporate action that affects holders of Piramal Finance Limited’s specific debenture series. The part redemption reduces the face value while providing interest payment to debenture holders. Trading members need to adjust their systems for the new face value to ensure accurate trading and settlement.
Impact Justification
Routine corporate action affecting specific debenture holders with clear operational impact