Description

Rajasthan Rajya Vidyut Utpadan Nigam Limited has set a record date for part redemption and interest payment on its bonds, with reduced face value effective from December 8, 2025.

Summary

Rajasthan Rajya Vidyut Utpadan Nigam Limited has announced part redemption of its 9% non-convertible bonds along with interest payment. The record date has been fixed as December 8, 2025, and trading in these bonds will commence with reduced face value from the same date. The face value will be reduced from the original amount to Rs. 400,000 per bond.

Key Points

  • Company: Rajasthan Rajya Vidyut Utpadan Nigam Limited
  • Bond ISIN: INE891F08018 (Scrip Code: 951431)
  • Bond Series: RRVUN-9%-I-24-12-2026-PVT
  • Record Date: December 8, 2025
  • Purpose: Part Redemption of Bonds and Payment of Interest
  • Reduced Face Value: Rs. 400,000 per bond
  • Effective Date: December 8, 2025
  • Settlement Number: DR-772/2025-2026
  • Notice Number: 20251202-10

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for part redemption of debt securities as per the terms of the bond issuance.

Compliance Requirements

  • Trading members must note the reduced face value effective from December 8, 2025
  • All trading in these bonds from the effective date will be at the reduced face value of Rs. 400,000 per bond
  • Trading members should update their systems to reflect the new face value
  • Bondholders on record as of December 8, 2025 will be eligible for part redemption proceeds and interest payment

Important Dates

  • Notice Date: December 2, 2025
  • Record Date: December 8, 2025
  • Effective Date for Reduced Face Value: December 8, 2025
  • Settlement Number: DR-772/2025-2026
  • Bond Maturity Date: December 24, 2026 (as per bond series name)

Impact Assessment

Bondholders: Bondholders will receive partial redemption of their investment along with accrued interest. The face value reduction to Rs. 400,000 per bond indicates a significant partial redemption, returning capital to investors ahead of the final maturity in December 2026.

Trading Impact: From December 8, 2025, all market quotations and trades will be based on the reduced face value of Rs. 400,000 per bond. This requires system updates by trading members and brokers.

Market Liquidity: The reduced face value may affect liquidity and trading patterns in these bonds. Yield calculations and pricing will need to be adjusted based on the new face value.

Credit Assessment: The ability to execute part redemption demonstrates the financial capacity of Rajasthan Rajya Vidyut Utpadan Nigam Limited to meet its debt obligations ahead of schedule.

Impact Justification

Part redemption of bonds affects bondholders with reduced face value from Rs. 1,000,000 to Rs. 400,000 per bond, impacting debt security holders of the state power utility.