Description
BSE announces part redemption of Piramal Finance Limited debentures with reduced face value of Rs. 800 per debenture effective September 11, 2025.
Summary
BSE has announced a part redemption of Non-Convertible Debentures of Piramal Finance Limited with a record date of September 11, 2025. The debentures will trade 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 (INE516Y07444)
- BSE Scrip Code: 973491
- Record Date: September 11, 2025
- Reduced Face Value: Rs. 800 per debenture
- Effective Date: September 11, 2025
- Settlement Number: DR-713/2025-2026
Regulatory Changes
Trading in the debentures will commence with reduced face value effective from September 11, 2025, following the part redemption process.
Compliance Requirements
Trading members are required to note the change in face value and ensure proper settlement procedures for the debentures post-redemption.
Important Dates
- Record Date for Part Redemption and Interest Payment: September 11, 2025
- Effective Date for Reduced Face Value Trading: September 11, 2025
- Settlement Number: DR-713/2025-2026
Impact Assessment
This part redemption will reduce the outstanding principal amount of the debentures, affecting the trading dynamics and settlement value. Debenture holders will receive partial redemption proceeds along with interest payments as per the record date.
Impact Justification
Corporate action affecting debenture trading with face value reduction