Description
BSE announces partial redemption of GREAVES FINANCE LTD debentures with reduced face value of Rs. 95,833 per debenture, effective from October 17, 2025.
Summary
BSE has notified trading members about the partial redemption of debentures issued by GREAVES FINANCE LTD. The debentures (ISIN: INE1QWF07014, Scrip Code: 977162) with maturity date September 29, 2027 and coupon rate of 10.50% will have a reduced face value of Rs. 95,833 per debenture following the partial redemption. Trading with the revised face value will commence from October 17, 2025.
Key Points
- Company: GREAVES FINANCE LTD
- Debenture: GFL-10.50%-29-9-27-PVT
- ISIN: INE1QWF07014
- Scrip Code: 977162
- New reduced face value: Rs. 95,833 per debenture
- Action: Part redemption of debentures
- Circular reference: DR-738/2025-2026
Regulatory Changes
No regulatory changes. This is a routine corporate action notice regarding partial redemption of privately placed debentures.
Compliance Requirements
- Trading members must note the reduced face value for the specified debentures
- All trades in these debentures from October 17, 2025 onwards must reflect the new reduced face value of Rs. 95,833 per debenture
- Trading members should update their systems to reflect the revised face value
Important Dates
- Notice Date: October 16, 2025
- Effective Date for Trading with Reduced Face Value: October 17, 2025
- Debenture Maturity Date: September 29, 2027
Impact Assessment
This circular has minimal market-wide impact as it pertains to a specific corporate action for privately placed debentures of GREAVES FINANCE LTD. The partial redemption reduces the outstanding principal amount, which is a routine debt management activity. Only holders of these specific debentures and trading members dealing with this security need to be aware of the revised face value for accurate trading and settlement purposes.
Impact Justification
Routine corporate action affecting specific debenture holders of a single company with no broader market implications