Description
BSE announces part redemption of Pass Through Certificates (PTCs) of FRIEZA 06 2025 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 August 1, 2025 as the record date for payment of interest and part redemption, resulting in a reduced face value of Rs. 0.9441 per PTC effective from the same date.
Key Points
- FRIEZA 06 2025 PTCs will undergo part redemption
- Record date fixed as August 1, 2025
- Reduced face value: Rs. 0.9441 per PTC
- Trading with reduced face value begins August 1, 2025
- Settlement number: DR-686/2025-2026
Regulatory Changes
No new regulatory changes introduced. 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 trades from August 1, 2025 onwards must reflect the reduced face value
- Proper settlement procedures to be followed under DR-686/2025-2026
Important Dates
- Record Date: August 1, 2025
- Effective Date for Reduced Face Value: August 1, 2025
- Settlement: DR-686/2025-2026
Impact Assessment
Medium impact on holders of FRIEZA 06 2025 PTCs as the face value reduction affects the nominal value of their holdings. Trading members need to adjust their systems to reflect the new face value for accurate trading and settlement operations.
Impact Justification
Affects specific debt instrument with face value reduction impacting trading operations