Description
Trading suspension notice for two debt securities of Piramal Finance Limited effective December 02, 2025 due to coupon rate restructuring.
Summary
BSE has announced the suspension of trading for two debt securities (scrip codes 958463 and 958647) of Piramal Finance Limited effective December 02, 2025. This suspension is due to restructuring involving coupon rate revisions. The notice is in continuation of earlier notice 20250225-30 dated February 25, 2025.
Key Points
- Two debt securities of Piramal Finance Limited to be suspended from trading
- Suspension effective from Tuesday, December 02, 2025
- Coupon rates are being revised upward for both securities
- ISIN INE516Y07014: Coupon revised from 9.27% p.a.p.m. to 9.52% p.a.p.m.
- ISIN INE516Y07063: Coupon revised from 9.5109% p.a. to 9.7609% p.a.
- Continuation of previous notice dated February 25, 2025
Regulatory Changes
Coupon rate restructuring for the affected debt securities:
| Scrip Code | ISIN | Existing Coupon | Revised Coupon |
|---|---|---|---|
| 958463 | INE516Y07014 | 9.27% p.a.p.m. | 9.52% p.a.p.m. |
| 958647 | INE516Y07063 | 9.5109% p.a. | 9.7609% p.a. |
Compliance Requirements
- Trading Members must note the suspension of the specified scrip codes
- Trading Members should contact BSE officials for further clarification if required
- Contact: Ms. Pooja Trivedi at +91 22 2272 8844 or debt.listing@bseindia.com
Important Dates
- Notice Date: November 28, 2025
- Trading Suspension Effective Date: December 02, 2025 (Tuesday)
- Reference Notice: 20250225-30 dated February 25, 2025
Impact Assessment
The trading suspension affects holders of two specific debt securities of Piramal Finance Limited. The upward revision in coupon rates (increase of 25 basis points for INE516Y07014 and 25 basis points for INE516Y07063) is favorable for debt holders as they will receive higher interest payments. However, trading will be temporarily suspended starting December 02, 2025 to facilitate the restructuring process. Market participants holding or trading these specific ISINs need to plan accordingly for the suspension period.
Impact Justification
Affects specific debt securities holders with coupon rate changes and temporary trading suspension, but limited to two ISINs of one issuer