Description

POWER GRID CORPORATION OF INDIA LIMITED announces part redemption of bonds with record date December 23, 2025, reducing face value to Rs. 600,000 per bond.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has announced part redemption of its 8.36% bonds maturing on January 6, 2029 (ISIN: INE752E07OH3). The record date for payment of interest and part redemption is December 23, 2025. Following the part redemption, the face value of the bonds will be reduced to Rs. 600,000 per bond, effective from December 23, 2025.

Key Points

  • Bond Issue: PGCIL 8.36% bonds maturing January 6, 2029
  • ISIN: INE752E07OH3
  • BSE Code: 958539
  • Record Date: December 23, 2025
  • Purpose: Part redemption of bonds and payment of interest
  • Reduced Face Value: Rs. 600,000 per bond (post-redemption)
  • Trading with reduced face value begins: December 23, 2025
  • Settlement Number: DR-783/2025-2026

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notice.

Compliance Requirements

  • Trading members must note that trading in these bonds will be conducted with the reduced face value of Rs. 600,000 per bond effective December 23, 2025
  • Bondholders on record as of December 23, 2025 will be eligible for interest payment and part redemption
  • All transactions post the effective date must reflect the new reduced face value

Important Dates

  • Record Date: December 23, 2025 - Eligibility date for interest payment and part redemption
  • Effective Date: December 23, 2025 - Trading commences with reduced face value of Rs. 600,000
  • Settlement: DR-783/2025-2026

Impact Assessment

Impact on Bondholders: Bondholders will receive partial redemption of their holdings along with interest payment. The remaining bond value will be Rs. 600,000 per bond.

Trading Impact: From December 23, 2025, all market transactions for this bond series will be based on the reduced face value. Trading members and investors must account for the lower face value in pricing and valuation.

Market Significance: This is a scheduled debt servicing event for POWER GRID bonds. The part redemption reduces the outstanding principal amount while maintaining the bond’s continued listing with adjusted face value.

Impact Justification

Affects bondholders of POWER GRID bonds with specific ISIN INE752E07OH3. Important for debt market participants holding these securities but limited to specific bond issue.