PVPBSEPVP Ventures LtdMediumNeutral
Announced Wed, 17 Jun · 15:22 IST

PVP Ventures files corrigendum to NCD key information document

Credit & Debt View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-4.6%1-day move
₹30.59
prior close
₹30.86
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AI summary

PVP Ventures has filed a corrigendum to the Key Information Document dated 28 March 2025 for its listed Non-Convertible Debentures. The corrigendum fixes typographical errors on the cover page: the 18 percent coupon is paid quarterly (not annually), the number of debentures is 15,000 (not 1,500), and the redemption date is 8 April 2029 (not 31 March 2029). It also adds a detailed quarterly repayment schedule over the 48-month tenor from the 8 April 2025 deemed allotment date. Total issue size is up to Rs 150 crore across 9,500 Series A and 5,500 Series B debentures of Rs 1 lakh face value each, with a 1 percent annual redemption premium.

Likely market impact

Mostly administrative corrections and added clarity on repayment schedule for NCD holders. No material change to coupon, tenor, or issue size for equity shareholders.