Description

BSE notifies trading members that debentures of Bangalore Tower Pvt Ltd (BTPL-9.80%-14-3-26-PVT, scrip code 974664) will mature on the redemption date and trading must cease from March 5, 2025.

Summary

BSE has issued a notice informing trading members that Bangalore Tower Pvt Ltd has notified the Exchange of the upcoming maturity of its Non-Convertible Debentures. Trading in the specified debenture scrip is suspended effective March 5, 2025, ahead of the redemption date of March 14, 2026.

Key Points

  • Bangalore Tower Pvt Ltd’s NCD (BTPL-9.80%-14-3-26-PVT, ISIN: INE0LQT08018, Scrip Code: 974664) is due for redemption on March 14, 2026
  • Trading members are advised not to deal in these debentures effective March 5, 2025 (notice reference: DR-833/2025-2026)
  • The debenture carries a coupon rate of 9.80% and was privately placed
  • Notice issued by Ma rian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a standard operational notice under existing BSE debt segment rules governing suspension of trading in maturing debentures.

Compliance Requirements

  • Trading members must immediately cease all dealings in BTPL-9.80%-14-3-26-PVT (Scrip Code 974664, ISIN INE0LQT08018) effective March 5, 2025
  • Members are required to take note of and comply with this suspension directive

Important Dates

  • Notice Date: March 4, 2026
  • Trading Suspension Effective: March 5, 2025
  • Redemption/Maturity Date: March 14, 2026

Impact Assessment

Impact is limited to holders of this specific privately placed NCD. The suspension is a routine pre-redemption action ensuring no new trades are executed in a maturing instrument. Affected parties are existing debenture holders who will receive redemption proceeds on March 14, 2026. No broader market or systemic impact is anticipated.

Impact Justification

Routine debenture maturity/redemption notice affecting a single privately placed NCD with limited market participants; standard operational action with no broader market implications.