Description

BSE announces changes to scrip names and identifiers for 14 debt securities of Piramal Enterprises Limited, updating them to reflect the new entity name Piramal Finance Limited (PFL).

Summary

BSE has issued an update regarding 14 debt securities of Piramal Enterprises Limited, announcing changes to scrip names, abbreviations, and identifiers to reflect the company’s new name Piramal Finance Limited (PFL). All affected securities maintain their listed status and ISIN numbers remain unchanged. This is an administrative update following a corporate name change.

Key Points

  • 14 debt securities affected by name change from Piramal Enterprises Limited (PEL) to Piramal Finance Limited (PFL)
  • Changes apply to both private placements (PVT) and non-convertible debentures (NCD)
  • ISIN numbers remain unchanged for all securities
  • Scrip codes remain unchanged
  • All securities maintain Listed (L) status
  • New scrip long names replace “PEL” with “PFL” prefix
  • New abbreviated names and scrip IDs updated accordingly

Securities Affected

Private Placement Debentures (11 securities):

  • PEL-8.75%-29-5-26-PVT → PFL-8.75%-29-5-26-PVT (Scrip: 974653)
  • PEL-9.35%-27-2-26-PVT → PFL-9.35%-27-2-26-PVT (Scrip: 975446)
  • PEL-9.5%-7-7-34-PVT → PFL-9.5%-7-7-34-PVT (Scrip: 975812)
  • PEL-9.1%-23-2-35-PVT → PFL-9.1%-23-2-35-PVT (Scrip: 976438)
  • PEL-9.30%-9-4-29-PVT → PFL-9.30%-9-4-29-PVT (Scrip: 976608)
  • PEL-9.19%-08-08-28-PVT → PFL-9.19%-08-08-28-PVT (Scrip: 976681)
  • PEL-9.12%-06-08-27-PVT → PFL-9.12%-06-08-27-PVT (Scrip: 976682)

Non-Convertible Debentures (3 securities):

  • PEL-9.05%-3-11-26-NCD → PFL-9.05%-3-11-26-NCD (Scrip: 938952)
  • PEL-9.20%-3-11-28-NCD → PFL-9.20%-3-11-28-NCD (Scrip: 938956)
  • PEL-9.35%-3-11-33-NCD → PFL-9.35%-3-11-33-NCD (Scrip: 938958)

Compliance Requirements

  • Market participants to update their systems with new scrip names and identifiers
  • Trading systems to recognize both old and new nomenclature during transition
  • Investors to note the name change for portfolio tracking purposes
  • No action required from debenture holders - this is an automatic update

Important Dates

  • Circular Date: November 4, 2025
  • Effective Date: Immediate upon circular issuance

Impact Assessment

Market Impact: Minimal - This is purely an administrative change with no effect on trading operations, securities terms, interest rates, maturity dates, or investor rights.

Operational Impact: Low - Systems and databases need to be updated with new nomenclature, but ISIN numbers and scrip codes remain unchanged, minimizing technical disruption.

Investor Impact: None - Debenture holders are not required to take any action. All terms and conditions of the securities remain unchanged.

Impact Justification

Administrative update reflecting entity name change for debt securities. No impact on trading, terms, or investor holdings - purely nomenclature changes to scrip identifiers and names.