Description

BSE announces listing of new debt securities worth Rs. 197.23 crores issued by Piramal Finance Limited on private placement basis with 9.30% interest rate and maturity date of May 7, 2027.

Summary

BSE has listed new debt securities of Piramal Finance Limited issued on private placement basis, effective December 3, 2025. The securities comprise 19,723 units with a face value of Rs. 1,00,000 each, carrying a 9.30% annual interest rate and maturing on May 7, 2027. The securities are rated CARE AA/Stable and will trade in dematerialized form only.

Key Points

  • Issuer: Piramal Finance Limited
  • Scrip Code: 976680
  • Scrip ID: 930PFL27A
  • ISIN: INE202B07JP8 (Further listings under same ISIN)
  • Total Quantity: 19,723 units
  • Face Value: Rs. 1,00,000 per unit
  • Issue Price: Rs. 1,06,704.13
  • Total Issue Size: Approximately Rs. 197.23 crores
  • Credit Rating: CARE AA/Stable
  • Interest Rate: 9.30% per annum
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading Mode: Dematerialized form only

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE202B07JP8
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: December 2, 2025
  • Listing Date: December 3, 2025
  • Interest Payment Dates: Annually on May 7 (from 2026 to 2027)
    • First Payment: May 7, 2026
    • Final Payment: May 7, 2027
  • Redemption Date: May 7, 2027

Impact Assessment

Market Impact: Low - This is a routine debt security listing in the BSE Debt segment. The securities are issued on private placement basis, indicating a targeted investor base rather than public offering.

Operational Impact: Minimal - Only affects debt market participants and institutional investors interested in AA-rated corporate bonds with approximately 1.5-year maturity.

Investor Considerations: The 9.30% coupon rate and CARE AA/Stable rating make this suitable for institutional investors seeking relatively secure fixed-income instruments. The high face value (Rs. 1 lakh per unit) indicates these are designed for institutional rather than retail participation.

Put/Call Options: None available on these securities.

Impact Justification

Routine debt security listing notification for private placement, impacts only debt market participants and bondholders