Description

BSE announces listing of two series of non-convertible debentures issued by Varthana Finance Private Limited on private placement basis, effective October 14, 2025.

Summary

BSE has listed two series of non-convertible debentures (NCDs) issued by Varthana Finance Private Limited on private placement basis, effective October 14, 2025. The securities are admitted for trading on the BSE Debt segment in dematerialized form only.

Key Points

  • First Series (Scrip Code 977207): INE125T07287

    • Face Value: Rs. 100,000
    • Interest Rate: 11.25% p.a. (monthly payments)
    • Allotment Date: July 12, 2024
    • Maturity Date: July 12, 2026
    • Quantity: 2,000 units
    • Credit Rating: CRISIL BBB
    • No put/call option

  • Second Series (Scrip Code 977208): INE125T07279

    • Face Value: Rs. 100,000
    • Interest Rate: 11.40% p.a. (half-yearly payments)
    • Allotment Date: May 16, 2024
    • Maturity Date: May 16, 2030
    • Quantity: 2,700 units
    • Credit Rating: CRISIL BBB
    • Put option available as per disclosure document

  • Trading permitted only in dematerialized form

  • Tick size: 1 paise

  • Market lot: 1 unit for both series

Regulatory Changes

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

Compliance Requirements

  • Trading members must ensure transactions are conducted only in dematerialized form under the specified ISIN numbers
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing Effective Date: October 14, 2025
  • First Series:
    • Allotment: July 12, 2024
    • Interest Payment: Monthly from August 12, 2024 to July 12, 2026
    • Redemption: July 12, 2026
  • Second Series:
    • Allotment: May 16, 2024
    • Interest Payment: Half-yearly from November 16, 2024 to May 16, 2030
    • Redemption: May 16, 2030

Impact Assessment

Market Impact: Minimal. This is a routine listing of privately placed debt securities affecting only participants in the debt segment.

Investor Impact: Provides liquidity to existing NCD holders of Varthana Finance Private Limited through exchange-based trading platform.

Operational Impact: Trading members dealing in debt securities need to update their systems with the new scrip codes and ISIN numbers for these instruments.

Impact Justification

Routine listing of private placement debt securities with limited market-wide impact; affects only debt segment trading members and investors in these specific NCDs