Description

BSE announces listing of new debt securities issued by Piramal Finance Limited on private placement basis with 8.75% interest rate maturing in October 2027.

Summary

BSE has listed new debt securities issued by Piramal Finance Limited on private placement basis, effective October 14, 2025. The securities are non-convertible debentures with a face value of Rs. 1,00,000, carrying an interest rate of 8.75% per annum with annual interest payment and maturing on October 29, 2027. The securities are rated ICRA AA/Stable and will trade in dematerialized form only.

Key Points

  • Issuer: Piramal Finance Limited
  • Scrip Code: 977203
  • Scrip ID: 875PFL27
  • ISIN: INE202B07JW4
  • Quantity: 250,000 debentures
  • Face Value: Rs. 1,00,000 per debenture
  • Issue Price: Rs. 1,00,000 per debenture
  • Market Lot: 1 unit
  • Credit Rating: ICRA AA/Stable
  • Interest Rate: 8.75% per annum (paid annually)
  • Tick Size: 1 paise
  • Trading mode: Dematerialized form only

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE202B07JW4
  • Members should refer to the Placement Memorandum available at BSE’s debt memorandum portal for detailed information
  • For clarifications, trading members may contact BSE debt department at specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Date of Allotment: October 13, 2025
  • Listing Date: October 14, 2025
  • Interest Payment: Annually
  • Maturity/Redemption Date: October 29, 2027
  • Put/Call Option: Not Applicable

Impact Assessment

This is a routine debt listing with minimal market impact. The listing expands BSE’s debt segment offerings and provides an investment option for institutional investors interested in ICRA AA-rated debt instruments. The private placement nature and high face value (Rs. 1 lakh) indicate this is targeted at institutional investors rather than retail participants. No significant operational or market-wide impact is expected from this listing.

Impact Justification

Routine listing notification for debt securities on private placement basis with limited market-wide impact