Description

Trading suspended in POWER GRID CORPORATION OF INDIA LIMITED bonds (INE752E07NK9) from December 8, 2025 due to record date for redemption and interest payment.

Summary

BSE has announced the suspension of trading in bonds of POWER GRID CORPORATION OF INDIA LIMITED (bond code: PGCIL-8.32%-23-12-25-PVT, ISIN: INE752E07NK9) effective December 8, 2025. The suspension is due to the record date set by the company for redemption of bonds and payment of interest. Trading members are advised not to deal in these bonds from the specified date.

Key Points

  • Bond ISIN: INE752E07NK9 (Code: 953417)
  • Bond series: PGCIL-8.32%-23-12-25-PVT
  • Record date: December 8, 2025
  • Purpose: Redemption of bonds and payment of interest
  • No dealings permitted from: December 8, 2025
  • Notice reference: DR-772/2025-2026
  • Notice number: 20251201-57

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for bond redemption and interest payment.

Compliance Requirements

  • Trading members must cease all trading activities in the specified bonds from December 8, 2025
  • Trading members are required to note and comply with the suspension directive
  • Members should inform their clients holding or interested in these bonds about the trading suspension

Important Dates

  • December 1, 2025: Circular issued by BSE
  • December 8, 2025: Record date for redemption and interest payment; trading suspension begins

Impact Assessment

Market Impact: Limited to holders and traders of this specific Power Grid bond series. The suspension is temporary and linked to the redemption process.

Investor Impact: Bondholders on record as of December 8, 2025 will receive redemption proceeds and final interest payment. Secondary market liquidity for this bond will cease from the suspension date.

Operational Impact: Trading members must update their systems to prevent trading in the suspended bond and communicate the suspension to relevant clients and counterparties.

Impact Justification

Trading suspension affects specific bond series holders and traders dealing in Power Grid bonds, with clear timeline and limited to debt segment