Description

Partial redemption of GREAVES FINANCE LTD debentures with reduced face value from original amount to Rs. 95,833 per debenture, effective October 17, 2025.

Summary

GREAVES FINANCE LTD has executed a partial redemption of its debentures (ISIN: INE1QWF07014, Scrip Code: 977162), reducing the face value per debenture to Rs. 95,833. Trading members are advised that these debentures will trade at the reduced face value effective from October 17, 2025.

Key Points

  • Company: GREAVES FINANCE LTD
  • Security: GFL-10.50%-29-9-27-PVT
  • ISIN: INE1QWF07014
  • Scrip Code: 977162
  • Corporate Action: Part Redemption of Debentures
  • Reduced Face Value: Rs. 95,833 per debenture
  • Notice Number: DR-738/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No regulatory framework changes. This is a corporate action notification regarding debt securities.

Compliance Requirements

  • Trading members must trade the debentures at the reduced face value of Rs. 95,833 per debenture
  • Trading members are required to take note of this change and adjust their systems accordingly
  • All trades in these debentures from the effective date must reflect the new face value

Important Dates

  • Notice Date: October 16, 2025
  • Effective Date: October 17, 2025 - Debentures will be traded with reduced face value from this date

Impact Assessment

Impact on Debenture Holders: Existing holders of GREAVES FINANCE LTD debentures will receive partial redemption proceeds, with the remaining investment reflected at the reduced face value of Rs. 95,833 per debenture.

Trading Impact: Medium - Trading members must update their systems to reflect the new face value for accurate pricing and settlement. The debentures will continue to trade but at the adjusted face value.

Market Significance: This is a routine corporate action for debt securities where the issuer has opted for partial redemption rather than full maturity redemption. The 10.50% coupon rate debentures maturing on September 29, 2027, will continue to trade at reduced principal value.

Impact Justification

Material corporate action affecting debenture holders of GREAVES FINANCE LTD with specific face value reduction; impacts debt security trading from October 17, 2025