Description

BSE notifies trading members that debt securities of Vivriti Capital Limited will be transferred to Hari and Company Investments Madras Private Limited (HCIMPL) pursuant to a composite Scheme of Arrangement, effective April 29, 2026.

Summary

BSE Notice 20260427-14 informs trading members that debt securities of Vivriti Capital Limited (VCL) will be transferred to Hari and Company Investments Madras Private Limited (HCIMPL) effective April 29, 2026, as part of a composite Scheme of Arrangement.

Key Points

  • Debt securities listed under Vivriti Capital Limited (VCL) will be transferred to Hari and Company Investments Madras Private Limited (HCIMPL)
  • The transfer is effective Wednesday, April 29, 2026
  • HCIMPL (Resulting Company 1) and Vivriti Funds Private Limited (VFPL, Resulting Company 2) are wholly owned subsidiaries of Vivriti Next Private Limited (VNPL)
  • The scheme involves multiple entities: VCL (Demerged/Amalgamated Company), HCIMPL (Resulting Company 1), VNPL (holding company of HCIMPL), VFPL (Resulting Company 2), and Vivriti Asset Management Private Limited (VAMPL, Amalgamating Company)
  • Specific scrips subject to transfer are listed in the attached Annexure I

Regulatory Changes

Pursuant to the composite Scheme of Arrangement, the ownership and listing of the specified debt securities will shift from Vivriti Capital Limited to Hari and Company Investments Madras Private Limited. This constitutes a structural change in the listed debt instruments.

Compliance Requirements

  • Trading members must note the transfer of scrips as per Annexure I from VCL to HCIMPL
  • Members with positions or holdings in the affected debt securities should update their records accordingly
  • For further details, trading members may contact BSE officials: Bhakti Wankhede (+91 22 2272 5271, bse.schemes@bseindia.com) or Vishal Jhaveri

Important Dates

  • April 27, 2026: Notice issued by BSE
  • April 29, 2026 (Wednesday): Effective date of transfer of debt securities from VCL to HCIMPL

Impact Assessment

This circular has a high impact on holders of Vivriti Capital Limited debt securities, as the issuer entity changes from VCL to HCIMPL following the corporate restructuring. Trading members and investors holding these securities must be aware of the change in the obligor entity. The composite scheme involves demerger, amalgamation, and creation of new holding structures, which may affect credit profiles and trading liquidity of the transferred debt instruments.

Impact Justification

Involves a composite scheme of arrangement resulting in transfer of debt securities from Vivriti Capital Limited to a new entity, directly affecting existing debtholders and trading members from April 29, 2026.