Description

POWER GRID CORPORATION OF INDIA LIMITED announces part redemption of bonds with reduced face value effective December 26, 2025.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has announced part redemption of its 7.65% bonds maturing on January 11, 2034 (ISIN: INE752E08726). The record date for payment of interest and part redemption is December 27, 2025. Trading in these bonds will be with reduced face value of Rs. 80,000 per bond effective December 26, 2025.

Key Points

  • Bond: POWER GRID CORPORATION OF INDIA LIMITED 7.65% Bonds due 11-1-34-PVT
  • ISIN: INE752E08726 (Scrip Code: 975315)
  • Record Date: December 27, 2025
  • Purpose: Part Redemption of Bonds and Payment of Interest
  • Reduced Face Value: Rs. 80,000 per Bond
  • Effective Date: December 26, 2025
  • Settlement Number: DR-785/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action as per bond terms.

Compliance Requirements

  • Trading members must note that trading in these bonds will be conducted with the reduced face value effective December 26, 2025
  • Settlement will be processed under DR-785/2025-2026
  • Bondholders on record as of December 27, 2025 will be eligible for interest payment and part redemption

Important Dates

  • December 26, 2025: Effective date for trading with reduced face value (Settlement DR-785/2025-2026)
  • December 27, 2025: Record date for interest payment and part redemption eligibility

Impact Assessment

This part redemption affects bondholders of POWER GRID CORPORATION OF INDIA LIMITED’s 7.65% bonds. Bondholders will receive partial redemption proceeds along with interest payment. The reduced face value of Rs. 80,000 per bond (down from the original face value) will apply to ongoing trading from December 26, 2025. This is a routine corporate action that provides liquidity to bondholders while maintaining the bond’s tradability at the new face value. Market impact is limited to specific bondholders and trading members dealing with this particular debt security.

Impact Justification

Part redemption of bonds affects bondholders with reduced face value. Standard corporate action with specific record date and settlement requirements.