Description

SK Finance Limited has listed new non-convertible debentures worth Rs. 250 crore on BSE Debt segment with 9.10% p.a. interest rate and maturity date of October 9, 2028.

Summary

SK Finance Limited has listed new debt securities on BSE’s Debt segment effective October 10, 2025. The securities were issued on a private placement basis with a total quantity of 25,000 units at face value of Rs. 1,00,000 each, representing a total issue size of Rs. 250 crore. The securities carry an interest rate of 9.10% per annum and mature on October 9, 2028. The securities are rated ICRA AA-/STABLE and will trade only in dematerialized form.

Key Points

  • Scrip Code: 977195
  • Scrip ID: 910SKFL28
  • ISIN: INE124N07770
  • Issue Size: 25,000 units × Rs. 1,00,000 = Rs. 250 crore
  • Issue Price: Rs. 1,00,050 (premium of Rs. 50 per unit)
  • Coupon Rate: 9.10% per annum
  • Credit Rating: ICRA AA-/STABLE
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Interest Payment: Annually
  • Allotment Date: October 9, 2025
  • Maturity Date: October 9, 2028
  • Put/Call Option: Not applicable

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard listing notification for new debt securities.

Compliance Requirements

  • Trading members must note that these securities will trade only in dematerialized form under ISIN INE124N07770
  • The tick size for trading these securities is 1 paise
  • Trading members requiring clarification should contact BSE’s debt department at 22728352/8597/8995/5753/8915
  • Further details are available in the Placement Memorandum at https://www.bseindia.com/markets/debt/memorandum_data.aspx

Important Dates

  • Allotment Date: October 9, 2025
  • Listing Date: October 10, 2025
  • Maturity Date: October 9, 2028
  • Interest Payment Frequency: Annually (exact dates not specified in circular)

Impact Assessment

Market Impact: Low. This is a routine private placement listing on the debt segment with no impact on equity markets or broader trading operations.

Investor Impact: Low to Medium. Relevant primarily to institutional investors and high-net-worth individuals participating in debt markets. The ICRA AA-/STABLE rating indicates high credit quality with adequate safety.

Operational Impact: Minimal. Standard debt security listing with no special trading conditions or restrictions. Trading will be conducted through normal BSE Debt segment procedures.

Impact Justification

Routine debt security listing notification with no market-wide impact; relevant only to debt market participants and investors in SK Finance Limited securities