Description

BSE announces the listing and admission to trading of new debt securities issued by Grand Hills Developments Private Limited on private placement basis, comprising reset rate debentures maturing in 2028 and 2029.

Summary

BSE has listed and admitted to trading new debt securities issued by Grand Hills Developments Private Limited on private placement basis, effective November 11, 2025. The listing comprises two series of reset rate secured redeemable non-convertible debentures with face value of Rs. 100,000 each, rated IND BBB+/Stable, carrying 9.90% p.a. interest rate with monthly interest payments.

Key Points

  • Two series of reset rate debentures listed on BSE Debt segment
  • Series 1 (ISIN: INE0DWX08023): 20,000 debentures maturing on October 31, 2028
  • Series 2 (ISIN: INE0DWX08015): 16,000 debentures maturing on October 31, 2029
  • Date of allotment: November 7, 2025
  • Face value and issue price: Rs. 100,000 per debenture
  • Interest rate: 9.90% per annum payable monthly
  • Credit rating: IND BBB+/Stable
  • Trading permitted only in dematerialized form
  • Market lot: 1 debenture
  • Tick size: 1 paise
  • No put/call options available

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • Any clarifications required may be directed to BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: November 7, 2025
  • Listing Date: November 11, 2025
  • Interest Payment Frequency: Monthly
  • Redemption Date (Series 1): October 31, 2028
  • Redemption Date (Series 2): October 31, 2029

Impact Assessment

This listing has minimal market-wide impact as it involves private placement debt securities of a private limited company. The impact is limited to:

  • Debt market participants and institutional investors holding or trading these specific securities
  • Total issuance of Rs. 360 crores (36,000 debentures × Rs. 100,000)
  • Provides investment opportunity for debt investors seeking BBB+ rated fixed income instruments with monthly interest payments
  • No impact on equity markets or broader trading activities

Impact Justification

Routine listing of private placement debt securities by a private limited company with limited market-wide impact, relevant primarily to debt market participants and investors in these specific securities.