Description
BSE announces part redemption of Pass Through Certificates (PTCs) of India Universal Trust with updated reduced face values effective August 7, 2025.
Summary
BSE has announced part redemption of Pass Through Certificates (PTCs) of India Universal Trust AL1 and AL2 across multiple series (A1, A2, A3). The redemption results in substantially reduced face values for all affected PTCs, with the new values taking effect from August 7, 2025.
Key Points
- Part redemption affects 6 different PTC series of India Universal Trust
- Dramatic reduction in face values ranging from Rs. 5,045,379.97 to Rs. 9,675,260.88 per PTC
- Changes become effective August 7, 2025 (DR-690/2025-2026)
- Catalyst Trusteeship Limited informed BSE of the reduced face values
- All affected securities are debt instruments with varying interest rates and maturity dates
Regulatory Changes
No regulatory framework changes. This is a standard corporate action involving partial redemption of debt securities.
Compliance Requirements
- Trading members must note the new reduced face values for affected PTCs
- All trading from August 7, 2025 onwards must reflect the updated face values
- Trading members required to update their systems with new face value data
Important Dates
- Notice Date: August 6, 2025
- Effective Date: August 7, 2025
- Reference: DR-690/2025-2026
Impact Assessment
The part redemption significantly reduces the face values of these debt securities, which will affect their trading dynamics. The substantial reductions (in crores of rupees) indicate major partial redemptions that will impact the liquidity and market value of these PTCs. Trading members need to ensure their systems are updated to reflect these changes to avoid trading errors.
Impact Justification
Significant face value reductions affecting debt securities trading from August 7, 2025