Description

INDIGRID INFRASTRUCTURE TRUST has announced part redemption of two series of non-convertible debentures with record date December 16, 2025, resulting in reduced face values.

Summary

INDIGRID INFRASTRUCTURE TRUST has fixed December 16, 2025 as the record date for part redemption and interest payment on two series of non-convertible debentures. Trading in these debentures will commence with reduced face values from December 16, 2025 (Settlement No. DR-778/2025-2026).

Key Points

  • Two series of debentures are subject to part redemption
  • IGT-7.70%-31-3-41-PVT (ISIN: INE219X07371, Code: 974781) - Face value reduced to Rs. 91,250 per debenture
  • IGT-7.35%-31-3-38-INVIT (ISIN: INE219X07389, Code: 975036) - Face value reduced to Rs. 87,498 per debenture
  • Both series will pay interest along with part redemption
  • Trading members must note the reduced face values for settlement purposes

Regulatory Changes

No regulatory changes. This is a standard corporate action notice for debt securities.

Compliance Requirements

  • Trading members must ensure transactions in these debentures reflect the reduced face values from December 16, 2025
  • Settlement number DR-778/2025-2026 applies for the reduced face value trading
  • Members must update their systems to reflect the new face values for both debenture series

Important Dates

  • Record Date: December 16, 2025 - Eligibility 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 investors while reducing the outstanding face value of these debt instruments.

Investor Impact: Debenture holders will receive partial redemption proceeds along with interest payments. Post-redemption, their holdings will reflect reduced face values, affecting the absolute value of future interest payments while maintaining the same coupon rates (7.70% and 7.35% respectively).

Operational Impact: Trading members must update systems to reflect new face values for accurate settlement and reporting.

Impact Justification

Routine corporate action affecting debenture holders of INDIGRID INFRASTRUCTURE TRUST with specific impact on two debt securities series