Description

Piramal Finance Limited's 8.75% debt securities worth Rs. 250 crore listed on BSE Debt segment with maturity date of October 29, 2027.

Summary

BSE has listed new debt securities issued by Piramal Finance Limited on private placement basis effective October 14, 2025. The securities comprise 250,000 units of 8.75% per annum debentures with face value of Rs. 1,00,000 each, maturing on October 29, 2027. The securities carry ICRA AA/Stable credit rating and will trade in dematerialized form only.

Key Points

  • Scrip Code: 977203, Scrip ID: 875PFL27
  • ISIN: INE202B07JW4
  • Total quantity: 250,000 units (Rs. 25,000 crore notional value)
  • Face value and issue price: Rs. 1,00,000 per unit
  • Market lot size: 1 unit
  • Interest rate: 8.75% per annum payable annually
  • Credit rating: ICRA AA/Stable
  • No put/call options available
  • Trading only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE202B07JW4
  • Trading members should refer to the Placement Memorandum available on BSE website for complete details
  • 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 effective date: October 14, 2025
  • Interest payment frequency: Annually
  • Redemption date: October 29, 2027

Impact Assessment

This is a routine administrative circular informing about listing of privately placed debt securities. The impact is limited to:

  • Provides additional debt investment options for institutional investors in the secondary market
  • No impact on equity markets or retail investors
  • Standard listing procedure with no operational changes for trading members
  • The securities are rated AA/Stable indicating high credit quality and low credit risk

Impact Justification

Routine listing of privately placed debt securities with no impact on broader market participants or trading operations