Description

BSE announces listing of two series of secured redeemable non-convertible debentures issued by Gawar Waranga Highways Private Limited with aggregate value of Rs. 625 crores on private placement basis.

Summary

BSE has listed two series of secured redeemable non-convertible debentures issued by Gawar Waranga Highways Private Limited on the BSE Debt segment effective October 31, 2025. The securities were issued on private placement basis with CARE AA+/Stable rating.

Key Points

  • Series 1: 55,000 debentures (Scrip Code: 977257, ISIN: INE0Q3B07019) with 7.53% p.a. interest rate and face value of Rs. 1,00,000 each
  • Series 2: 7,500 debentures (Scrip Code: 977258, ISIN: INE0Q3B07027) with 7.70% p.a. interest rate and face value of Rs. 1,00,000 each
  • Total issue size: Rs. 625 crores (Rs. 550 crores + Rs. 75 crores)
  • Credit Rating: CARE AA+/Stable for both series
  • Allotment Date: October 30, 2025
  • Market lot size: 1 unit for both series
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must note that these securities will be traded only in dematerialized form under the respective ISIN numbers
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • For clarifications, trading members may contact the debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: October 30, 2025
  • Listing Date: October 31, 2025
  • First Interest Payment: December 31, 2025
  • Interest Payment Frequency: Half-yearly from December 31, 2025 to June 30, 2039
  • Redemption Date: June 30, 2039
  • Tenure: Approximately 13.67 years

Impact Assessment

This is a routine listing announcement with minimal market-wide impact. The listing provides institutional investors access to infrastructure debt securities with AA+ rating. The private placement nature limits broader market participation. No put/call options are available on these instruments, indicating standard redemption terms.

Impact Justification

Routine listing announcement of debt securities on private placement basis with limited market-wide impact