Description
BSE notifies revision of terms for three debt securities of Fortis Healthcare Ltd, converting them from secured to unsecured NCDs with new ISINs, effective December 22, 2025.
Summary
BSE has issued an update regarding debt securities of Fortis Healthcare Ltd in continuation to notice 20251113-61 dated November 13, 2025. Three non-convertible debentures (NCDs) will undergo a change in security mode from secured to unsecured, along with corresponding ISIN changes. The revised terms will be effective from Monday, December 22, 2025.
Key Points
- Three scrip codes (976244, 976243, 976242) of Fortis Healthcare Ltd will have revised terms
- Securities will convert from Secured NCDs to Unsecured NCDs
- New ISINs will be assigned to replace existing ISINs
- Changes effective from December 22, 2025
- This is a continuation of earlier notice 20251113-61 dated November 13, 2025
Regulatory Changes
Security Mode Change
From: Secured NCDs
To: Unsecured NCDs
ISIN Changes
| Scrip Code | Old ISIN | New ISIN |
|---|---|---|
| 976244 | INE061F07069 | INE061F08034 |
| 976243 | INE061F07051 | INE061F08026 |
| 976242 | INE061F07044 | INE061F08018 |
Compliance Requirements
- Trading members must note the revised terms for the affected scrip codes
- Trading members should update their systems to reflect new ISINs
- For queries, contact BSE officials:
- Ms. Bhairavi Bondale: +91 22 2272 8844, debt.listing@bseindia.com
- Hardik Bhuta, Assistant Vice President
Important Dates
- Notice Date: December 19, 2025
- Effective Date: December 22, 2025 (Monday)
- Reference Notice: 20251113-61 dated November 13, 2025
Impact Assessment
The conversion from secured to unsecured NCDs represents a material change in the risk profile of these debt instruments. Unsecured NCDs have lower priority in case of liquidation compared to secured NCDs, which may affect investor perception and secondary market pricing. The change affects three distinct ISINs of Fortis Healthcare Ltd debt securities. Investors and trading members should take note of the new ISINs for accurate trading and settlement operations.
Impact Justification
Material change in security terms affecting existing NCDs - conversion from secured to unsecured status impacts risk profile for debtholders