Description
Partial redemption of Pass Through Certificates (PTCs) of India Universal Trust with reduced face values effective August 7, 2025.
Summary
BSE has announced partial redemption of Pass Through Certificates (PTCs) issued by India Universal Trust AL1 & AL2 across Series A1, A2, and A3. The redemption results in substantially reduced face values per PTC, with changes effective from August 7, 2025.
Key Points
- Six different PTC series are subject to partial redemption
- Face values reduced to ranges from Rs. 50.45 lakh to Rs. 96.75 lakh per PTC
- Changes effective from August 7, 2025 (DR-690/2025-2026)
- Catalyst Trusteeship Limited informed BSE of the reduced face values
Regulatory Changes
No regulatory framework changes. This is a standard corporate action for debt securities.
Compliance Requirements
- Trading members must note the reduced face values for trading purposes
- PTCs will trade at new reduced face values from the effective date
- No specific action required from trading members beyond awareness
Important Dates
- Notice Date: August 6, 2025
- Effective Date: August 7, 2025
- Document Reference: DR-690/2025-2026
Impact Assessment
Moderate impact limited to holders and traders of these specific PTC series. The substantial reduction in face values (from original amounts to lakhs of rupees) indicates significant partial redemption. Trading members need to update their systems to reflect new face values for accurate pricing and settlement.
Impact Justification
Affects specific debt securities with significant face value changes but limited to PTC holders