Description

BSE lists two series of debt securities issued by Gawar Waranga Highways Private Limited on private placement basis, totaling 62,500 debentures with CARE AA+/Stable rating.

Summary

BSE has listed two series of debt securities issued by Gawar Waranga Highways Private Limited on private placement basis, effective October 31, 2025. The securities include 55,000 debentures at 7.53% p.a. and 7,500 debentures at 7.7% p.a., both rated CARE AA+/Stable with redemption date of June 30, 2039.

Key Points

  • Two series of debt securities listed on BSE Debt segment
  • Series 1: 55,000 debentures (Scrip Code 977257) at 7.53% p.a. interest rate
  • Series 2: 7,500 debentures (Scrip Code 977258) at 7.7% p.a. interest rate
  • Both series have face value and issue price of Rs. 100,000 per debenture
  • Credit rating: CARE AA+/Stable for both series
  • Date of allotment: October 30, 2025
  • Redemption date: June 30, 2039 for both series
  • Interest payment: Half-yearly from December 31, 2025 to June 30, 2039
  • Securities will trade only in dematerialized form
  • Tick size: 1 paise
  • Market lot: 1 unit
  • No put/call options available

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note that these securities will be traded only in dematerialized form under the specified ISIN numbers (INE0Q3B07019 and INE0Q3B07027)
  • 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 the debt department at 22728352/8597/8995/5753/8915

Important Dates

  • October 30, 2025: Date of allotment
  • October 31, 2025: Effective listing date on BSE Debt segment
  • December 31, 2025: First interest payment date
  • June 30, 2039: Redemption date for both series

Impact Assessment

This is a routine debt securities listing with minimal market impact. The listing provides additional investment options in the debt market for institutional investors seeking AA+ rated infrastructure sector exposure. The securities are privately placed and will not affect retail investor access or broader market dynamics. The total issue size of Rs. 625 crore (62,500 debentures at Rs. 1 lakh each) represents standard infrastructure financing activity.

Impact Justification

Routine debt securities listing on private placement basis with no impact on equity markets or broad market operations