Description
BSE notifies trading members of part redemption and interest payment on NCDs of Akara Capital Advisors Private Limited, with reduced face values effective March 16, 2026.
Summary
BSE has informed trading members that Akara Capital Advisors Private Limited has fixed a record date of March 16, 2026 for part redemption of Non-Convertible Debentures (NCDs) and payment of interest. Trading in the affected debentures will occur at reduced face values from the effective date.
Key Points
- Two NCD series are affected: ACAPL-14%-31-12-26-PVT (ISIN: INE08XP07274, Code: 976306) and ACAPL-14.75%-10-4-27-PVT (ISIN: INE08XP07340, Code: 977096)
- Record date for both series: March 16, 2026
- Purpose: Part redemption of debentures and payment of interest
- Reduced face value for ACAPL-14%-31-12-26-PVT: Rs. 45,000 per debenture
- Reduced face value for ACAPL-14.75%-10-4-27-PVT: Rs. 66,666.67 per debenture
- Both effective from March 16, 2026 under Settlement No. DR-840/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification under BSE’s debt market segment framework.
Compliance Requirements
- Trading members must note and update systems to reflect reduced face values for the two NCD series from March 16, 2026
- Settlement to be processed under DR-840/2025-2026
Important Dates
- Record Date: March 16, 2026
- Effective Date for Reduced Face Value: March 16, 2026
- Settlement Number: DR-840/2025-2026
Impact Assessment
Impact is limited to holders of these two privately placed NCD series on BSE’s debt market segment. Trading members must update face values in their systems from the effective date. No broader market impact is anticipated.
Impact Justification
Routine part redemption of privately placed NCDs affecting a limited set of debt segment instruments; no broad market or regulatory implications.