Description

BSE announces suspension of trading for two debt securities of Piramal Finance Limited effective December 02, 2025, due to restructuring of coupon rates.

Summary

BSE has announced that two debt securities (scrip codes 958463 and 958647) of Piramal Finance Limited will be suspended from trading effective Tuesday, December 02, 2025, due to restructuring of coupon rates. This is a continuation of the notice dated February 25, 2025. Both securities will see an increase in their coupon rates.

Key Points

  • Two debt securities of Piramal Finance Limited to be suspended for trading from December 02, 2025
  • Scrip Code 958463 (ISIN: INE516Y07014): Coupon revised from 9.27% p.a.p.m. to 9.52% p.a.p.m.
  • Scrip Code 958647 (ISIN: INE516Y07063): Coupon revised from 9.5109% p.a. to 9.7609% p.a.
  • This is in continuation to notice number 20250225-30 dated February 25, 2025
  • Trading suspension is due to restructuring of the debt securities

Regulatory Changes

Coupon rate restructuring for two debt securities:

  • ISIN INE516Y07014: 25 basis points increase (9.27% to 9.52%)
  • ISIN INE516Y07063: 25 basis points increase (9.5109% to 9.7609%)

Compliance Requirements

Trading Members must:

  • Note the suspension of trading for the specified scrip codes effective December 02, 2025
  • Contact BSE officials (Ms. Pooja Trivedi at +91 22 2272 8844 or debt.listing@bseindia.com) for further details if required

Important Dates

  • Notice Date: November 28, 2025
  • Trading Suspension Effective Date: Tuesday, December 02, 2025
  • Previous Related Notice: February 25, 2025 (Notice No. 20250225-30)

Impact Assessment

The trading suspension affects holders of the two specified debt securities of Piramal Finance Limited. The upward revision in coupon rates (25 basis points increase for both securities) is positive for existing bondholders as it increases their interest income. The temporary suspension is necessary to implement the restructuring. Trading members and investors holding these specific ISINs need to be aware of the trading halt starting December 02, 2025. The contact information provided allows stakeholders to seek clarification on the restructuring process.

Impact Justification

Affects holders of specific debt securities of Piramal Finance Limited with upward revision in coupon rates and temporary trading suspension