Description
Part redemption of Non-Convertible Debentures (INE1QWF07014) with reduced face value to Rs. 87,499 per debenture effective December 12, 2025.
Summary
GREAVES FINANCE LIMITED has announced part redemption of its Non-Convertible Debentures (ISIN: INE1QWF07014, Scrip Code: 977162) along with interest payment. The face value of the debentures will be reduced to Rs. 87,499 per debenture effective December 12, 2025.
Key Points
- Company: GREAVES FINANCE LIMITED
- Security: 10.50% Non-Convertible Debentures maturing September 29, 2027
- ISIN: INE1QWF07014
- Scrip Code: 977162
- Record Date: December 13, 2025
- Purpose: Part redemption of debentures and payment of interest
- Reduced Face Value: Rs. 87,499 per debenture
- Trading with reduced face value begins: December 12, 2025
- Settlement Number: DR-776/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification for debt securities.
Compliance Requirements
- Trading members must note that trading in these debentures will occur with the reduced face value from December 12, 2025
- Debenture holders on record as of December 13, 2025 will be eligible for part redemption proceeds and interest payment
Important Dates
- December 8, 2025: Circular issued
- December 12, 2025: Trading commences with reduced face value (Settlement DR-776/2025-2026)
- December 13, 2025: Record date for part redemption and interest payment
Impact Assessment
This is a routine debt instrument corporate action with minimal market impact. It affects only the specific debenture holders of GREAVES FINANCE LIMITED. The part redemption reduces the outstanding principal amount per debenture to Rs. 87,499, returning capital to investors while maintaining the debenture series until its maturity date of September 29, 2027. No impact on equity markets or broader trading operations.
Impact Justification
Routine debt instrument redemption affecting specific debenture holders only, with no broader market implications.