Description

INDIGRID INFRASTRUCTURE TRUST announces part redemption of two series of non-convertible debentures with reduced face values effective December 16, 2025.

Summary

INDIGRID INFRASTRUCTURE TRUST has announced part redemption and interest payment for two series of non-convertible debentures. The record date is December 16, 2025, and trading in these debentures will commence with reduced face values from the same date. The two affected debenture series are IGT-7.70%-31-3-41-PVT (ISIN: INE219X07371) and IGT-7.35%-31-3-38-INVIT (ISIN: INE219X07389).

Key Points

  • Part redemption of two series of non-convertible debentures by INDIGRID INFRASTRUCTURE TRUST
  • Record date fixed as December 16, 2025 for both interest payment and part redemption
  • Trading with reduced face values effective from December 16, 2025 (Settlement No. DR-778/2025-2026)
  • First debenture (IGT-7.70%-31-3-41-PVT, Code: 974781) reduced face value: Rs. 91,250 per debenture
  • Second debenture (IGT-7.35%-31-3-38-INVIT, Code: 975036) reduced face value: Rs. 87,498 per debenture

Regulatory Changes

No regulatory changes introduced. This is a corporate action notice informing trading members about the part redemption of debentures.

Compliance Requirements

  • Trading members must note that trading in the specified debentures will be conducted with reduced face values from December 16, 2025
  • Members should update their systems to reflect the new face values for both debenture series
  • Settlement number DR-778/2025-2026 applies for transactions from the effective date

Important Dates

  • Record Date: December 16, 2025 - Eligibility date for interest payment and part redemption
  • Effective Date: December 16, 2025 - Trading commences with reduced face values
  • Settlement Number: DR-778/2025-2026

Impact Assessment

Market Impact: Medium - Affects holders of two specific debenture series of INDIGRID INFRASTRUCTURE TRUST. The part redemption will return capital to debenture holders while reducing the outstanding face value of these debt securities.

Operational Impact: Trading members need to adjust their systems to reflect the reduced face values from December 16, 2025. The debentures will continue trading but with lower face values (Rs. 91,250 and Rs. 87,498 respectively).

Investor Impact: Debenture holders as of the record date will receive partial redemption proceeds along with interest payment. Post-redemption, the debentures will trade at reduced face values, which affects future interest calculations and final redemption amounts.

Impact Justification

Part redemption affects two debenture series with significant face value reductions; impacts debt securities holders of INDIGRID INFRASTRUCTURE TRUST but is a routine corporate action.