Description

INTERISE TRUST has fixed record date for payment of interest and part redemption of non-convertible debentures, with reduced face value effective December 16, 2025.

Summary

INTERISE TRUST has announced part redemption of two series of non-convertible debentures with a record date of December 16, 2025. Trading members are notified that trading in these debentures will commence with reduced face value from the same date. The redemption affects two debenture series: IT-6.96-RESET RATE-31-03-45-PV (ISIN: INE790Z07061) and IT-7.30-RESET RATE-31-03-45-PV (ISIN: INE790Z07079).

Key Points

  • Record date for part redemption and interest payment: December 16, 2025
  • Two debenture series affected: IT-6.96-RESET RATE and IT-7.30-RESET RATE
  • Reduced face value: Rs. 99,375 per debenture (down from Rs. 100,000)
  • Trading with reduced face value effective from December 16, 2025
  • Settlement number: DR-778/2025-2026
  • Corporate action category: Debt segment

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for part redemption of debentures.

Compliance Requirements

  • Trading members must note the reduced face value effective December 16, 2025
  • All trading in the affected debentures must reflect the new face value of Rs. 99,375 from the effective date
  • Debenture holders on record as of December 16, 2025 will receive interest payment and part redemption proceeds

Important Dates

  • Record Date: December 16, 2025
  • Effective Date for Reduced Face Value: December 16, 2025
  • Settlement Number: DR-778/2025-2026

Impact Assessment

The part redemption reduces the face value of each debenture by Rs. 625 (from Rs. 100,000 to Rs. 99,375), representing a 0.625% redemption. This impacts holders of both debenture series equally. Trading members must update their systems to reflect the new face value to ensure accurate pricing and settlement. The impact is limited to debt segment participants and holders of these specific INTERISE TRUST debenture series.

Impact Justification

Part redemption affects debenture holders of INTERISE TRUST with face value reduction from Rs. 100,000 to Rs. 99,375 per debenture for two series