Description
BSE notifies trading members of INDIGRID INFRASTRUCTURE TRUST's record date for part redemption of two NCD series with reduced face values effective 16 March 2026.
Summary
BSE has informed trading members that INDIGRID INFRASTRUCTURE TRUST has fixed 16 March 2026 as the Record Date for payment of interest and part redemption of two series of Non-Convertible Debentures. Post the record date, trading in these debentures will occur at reduced face values under settlement DR-840/2025-2026.
Key Points
- Record date fixed as 16 March 2026 for both NCD series
- Two debenture series affected: IGT-7.70%-31-3-41-PVT (ISIN: INE219X07371, Code: 974781) and IGT-7.35%-31-3-38-INVIT (ISIN: INE219X07389, Code: 975036)
- Reduced face value for IGT-7.70%-31-3-41-PVT: Rs. 90,000 per debenture
- Reduced face value for IGT-7.35%-31-3-38-INVIT: Rs. 85,712 per debenture
- Both series trade under settlement number DR-840/2025-2026
- Circular issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes. This is a standard corporate action notification under BSE’s debt market segment rules requiring trading members to be informed of face value reductions following part redemption events.
Compliance Requirements
- Trading members must note the reduced face values effective from 16 March 2026
- All trades in the affected debenture series must reflect the reduced face value from the effective date onwards
- Members should update their systems to reflect the new face values for settlement under DR-840/2025-2026
Important Dates
| Event | Date |
|---|---|
| Circular Date | 12 March 2026 |
| Record Date | 16 March 2026 |
| Effective Date (Reduced Face Value) | 16 March 2026 |
Impact Assessment
This part redemption affects holders of two INDIGRID INFRASTRUCTURE TRUST NCD series in the BSE debt segment. The face value reduction to Rs. 90,000 (from the original for IGT-7.70% series) and Rs. 85,712 (for IGT-7.35% series) reflects the partial principal repayment. Impact is limited to existing debenture holders and trading members active in these instruments; broader market impact is low given the niche nature of listed debt instruments.
Impact Justification
Routine part redemption event affecting two NCD series of INDIGRID INFRASTRUCTURE TRUST; directly impacts debenture holders and trading members dealing in these instruments with reduced face values from 16 March 2026.