Description
BSE announces part redemption and interest payment for FRIEZA 06 2025 PTCs with reduced face value effective August 1, 2025.
Summary
BSE notifies trading members about the part redemption of Pass Through Certificates (PTCs) of FRIEZA 06 2025. The company has fixed a record date for interest payment and part redemption, resulting in a reduced face value for the PTCs effective August 1, 2025.
Key Points
- FRIEZA 06 2025 PTCs (INE26SJ15017, Code: 976876) will undergo part redemption
- Record date set for August 1, 2025
- Trading will commence with reduced face value from August 1, 2025
- New face value: Rs. 0.9441 per PTC
- Settlement number: DR-686/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notification for debt securities.
Compliance Requirements
- Trading members must note the change in face value for trading purposes
- All trading in FRIEZA 06 2025 PTCs must reflect the reduced face value from the effective date
- Members should update their systems to reflect the new face value
Important Dates
- Record Date: August 1, 2025
- Effective Date: August 1, 2025
- Settlement: DR-686/2025-2026
Impact Assessment
Moderate impact limited to FRIEZA 06 2025 PTC holders. The part redemption reduces the outstanding principal amount, reflected in the lower face value. Trading members need to adjust their systems for the new face value to ensure accurate pricing and settlement.
Impact Justification
Affects specific PTC holders with face value reduction and redemption process