Description
FEDBANK FINANCIAL SERVICES LIMITED has fixed record date for part redemption of non-convertible debentures with reduced face value effective September 11, 2025.
Summary
FEDBANK FINANCIAL SERVICES LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The company has set September 11, 2025 as the record date, and trading will commence with reduced face value from the same date.
Key Points
- Company: FEDBANK FINANCIAL SERVICES LIMITED
- ISIN Code: INE007N07041 (974927)
- Record Date: September 11, 2025
- Purpose: Part redemption of debentures and payment of interest
- New face value: Rs. 43,750 per debenture
- Effective date: September 11, 2025
- Settlement number: DR-713/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action procedure for debt securities.
Compliance Requirements
- Trading members must note the reduced face value effective from September 11, 2025
- All trading in the company’s debentures will be conducted at the new reduced face value
- Proper settlement procedures must be followed as per DR-713/2025-2026
Important Dates
- Record Date: September 11, 2025
- Effective Date for Reduced Face Value: September 11, 2025
- Notice Date: September 9, 2025
Impact Assessment
This corporate action will directly impact existing debenture holders of FEDBANK FINANCIAL SERVICES LIMITED. The part redemption reduces the outstanding principal amount, resulting in a lower face value per debenture. Trading members need to adjust their systems to reflect the new face value for accurate pricing and settlement.
Impact Justification
Routine corporate action affecting specific debenture holders with face value reduction