Description
CUBE HIGHWAYS TRUST has fixed the record date for payment of interest and part redemption of non-convertible debentures, with reduced face value effective from December 31, 2025.
Summary
CUBE HIGHWAYS TRUST has announced part redemption of its non-convertible debentures along with interest payment. The record date is set for December 31, 2025, and trading in these debentures will commence with reduced face value from the same date.
Key Points
- Record date fixed: December 31, 2025
- Purpose: Part redemption of debentures and payment of interest
- ISIN: INE0NR607017
- Scrip Code: 974936
- Security: CHT-7.49%15-4-41-PVT
- Reduced face value: Rs. 90,500/- per debenture
- Effective date for reduced face value trading: December 31, 2025
- Settlement number: DR-788/2025-2026
Regulatory Changes
No regulatory changes announced. This is a standard corporate action related to debenture redemption.
Compliance Requirements
- Trading members must note that trading in the debentures will be conducted with reduced face value effective from December 31, 2025
- All transactions from the effective date must reflect the new face value of Rs. 90,500/- per debenture
Important Dates
- Record Date: December 31, 2025
- Effective Date for Reduced Face Value: December 31, 2025
- Settlement Number: DR-788/2025-2026
Impact Assessment
This part redemption will impact existing debenture holders of CUBE HIGHWAYS TRUST. The face value reduction from the original amount to Rs. 90,500/- per debenture indicates a partial return of principal to investors along with interest payment. Debenture holders will receive their redemption proceeds and accrued interest as per the record date. Market liquidity for this security may be affected as the outstanding principal amount decreases.
Impact Justification
Part redemption of debentures affects existing debenture holders with reduced face value. Impact limited to specific security holders of CUBE HIGHWAYS TRUST.