Description

ADANI TRANSMISSION STEP-TWO LIMITED has set record date for part redemption and interest payment on debentures, with reduced face value effective December 12, 2025.

Summary

ADANI TRANSMISSION STEP-TWO LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE0YRB07076, Code: 977232) with a coupon rate of 7.70% maturing on December 31, 2026. The company has fixed December 13, 2025 as the record date for determining eligible debenture holders for part redemption and interest payment. Trading in these debentures will commence with reduced face value from December 12, 2025.

Key Points

  • Company: ADANI TRANSMISSION STEP-TWO LIMITED
  • Security: 7.70% Non-Convertible Debentures maturing December 31, 2026
  • ISIN: INE0YRB07076
  • BSE Scrip Code: 977232
  • Record Date: December 13, 2025
  • Reduced Face Value: Rs. 99,862.64 per debenture
  • Effective Date: December 12, 2025
  • Settlement Number: DR-776/2025-2026
  • Purpose: Part redemption of debentures and payment of interest

Regulatory Changes

No regulatory changes announced. This is a standard corporate action under existing debt securities framework.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value of Rs. 99,862.64 per debenture effective from December 12, 2025
  • All trades executed on or after December 12, 2025 will reflect the reduced face value
  • Debenture holders as on record date (December 13, 2025) will be eligible for part redemption proceeds and interest payment

Important Dates

  • December 10, 2025: Circular issued by BSE
  • December 12, 2025: Effective date for trading with reduced face value (Settlement DR-776/2025-2026)
  • December 13, 2025: Record date for determining eligible debenture holders

Impact Assessment

Market Impact: Medium - The part redemption results in significant reduction of face value to Rs. 99,862.64 per debenture, affecting valuation and trading dynamics for this specific debt security.

Investor Impact: Medium - Debenture holders on record date will receive part redemption proceeds, reducing their principal exposure while receiving interest payment. This is a scheduled corporate action for privately placed debentures.

Operational Impact: Low - Standard corporate action processing by trading members and depositories for debt securities. The reduced face value will be reflected in trading systems from the effective date.

Impact Justification

Routine corporate action affecting specific debenture holders with material impact on face value reduction from original to Rs. 99,862.64