Description

Revised notice for part redemption of debentures of Edelweiss Asset Reconstruction Company Limited with post-redemption face value of Rs. 1000 per debenture across four series.

Summary

BSE has issued a revised notice regarding the part redemption of debentures of Edelweiss Asset Reconstruction Company Limited. This notice revises the earlier communication dated June 12, 2025 (Notice No. 20250612-18) which had set the record date as June 17, 2025. The post-redemption face value for all four series of debentures has been revised to Rs. 1000 per debenture.

Key Points

  • Revised notice in continuation to Exchange Notice No. 20250612-18 dated June 12, 2025
  • Record date for part redemption: June 17, 2025
  • Four series of debentures affected by the part redemption
  • Post-redemption face value uniformly set at Rs. 1000 per debenture for all series
  • All debentures are privately placed (PVT)
  • Interest rate: 2% per annum on all series

Regulatory Changes

No new regulatory changes introduced. This is a revision to the previously communicated part redemption details.

Compliance Requirements

  • Trading members of BSE are required to take note of the revised redemption details
  • The redemption applies to the following debenture series:
    1. EARCL-2%-28-03-27-PVT (ISIN: INE015L07469, Code: 956041)
    2. EARCL-2%-29-3-27-PVT (ISIN: INE015L07477, Code: 956100)
    3. EARCL-2%-27-4-27-PVT (ISIN: INE015L07501, Code: 956233)
    4. EARCL-2%-26-4-27-PVT (ISIN: INE015L07493, Code: 956235)

Important Dates

  • Record Date: June 17, 2025 (for determining debenture holders eligible for part redemption)
  • Notice Date: November 7, 2025
  • Original Notice Date: June 12, 2025
  • Maturity Dates: March 2027 and April 2027 (based on debenture series names)

Impact Assessment

Market Impact: Minimal. This affects only holders of specific privately placed debentures of Edelweiss Asset Reconstruction Company Limited.

Debenture Holders: The part redemption reduces the outstanding face value to Rs. 1000 per debenture. Debenture holders will receive partial redemption proceeds based on the reduction from the original face value.

Trading Impact: Trading members need to update their systems to reflect the revised face value post-redemption for accurate pricing and settlement of these debentures in the debt segment.

Impact Justification

Routine corporate action for private placement debentures with limited market-wide impact, affecting only specific debenture holders of Edelweiss Asset Reconstruction Company Limited