Description
BSE notice regarding part redemption of Piramal Finance Limited's non-convertible debentures with reduced face value of Rs. 800 per debenture effective September 11, 2025.
Summary
BSE has issued a notice regarding the part redemption of non-convertible debentures of Piramal Finance Limited. The company has fixed September 11, 2025 as the record date for payment of interest and part redemption. Trading in the debentures will commence with a reduced face value of Rs. 800 per debenture from the effective date.
Key Points
- Company: Piramal Finance Limited
- Debenture Code: PFL-6.75%-26-9-31-PVT
- ISIN: INE516Y07444 (973491)
- Record Date: September 11, 2025
- Purpose: Part redemption of debentures and payment of interest
- New reduced face value: Rs. 800 per debenture
- Effective date: September 11, 2025
- Settlement number: DR-713/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard corporate action involving partial redemption of debt securities.
Compliance Requirements
- Trading members must note that trading in the debentures will be conducted with the reduced face value from the effective date
- All trading participants must update their systems to reflect the new face value of Rs. 800 per debenture
Important Dates
- Record Date: September 11, 2025 - for determining eligibility for interest payment and part redemption
- Effective Date: September 11, 2025 - commencement of trading with reduced face value
- Notice Date: September 9, 2025
Impact Assessment
This is a routine corporate action with limited market impact. Existing debenture holders will receive partial redemption proceeds and accrued interest. The reduced face value will be reflected in trading from the effective date. Impact is primarily administrative, affecting record-keeping and settlement processes for the specific debenture series.
Impact Justification
Routine corporate action affecting specific debenture holders with clear procedures and limited market impact