Description
BSE announces reduced face values for India Universal Trust PTCs following partial redemption across six series.
Summary
BSE has announced the partial redemption of Pass Through Certificates (PTCs) for India Universal Trust AL1 and AL2 across six different series (A1, A2, A3). The redemption results in significantly reduced face values per PTC, with new values ranging from Rs. 50.45 lakh to Rs. 96.75 lakh per certificate. The changes become effective from August 7, 2025.
Key Points
- Six series of India Universal Trust PTCs undergo partial redemption
- Face values reduced to substantial amounts ranging from Rs. 5,045,379.97 to Rs. 9,675,260.88 per PTC
- AL1 Series includes A1 (8.02%), A2 (8.12%), and A3 (8.20%) with maturity dates in 2026, 2027, and 2030
- AL2 Series includes A1 (8.03%), A2 (8.09%), and A3 (8.17%) with maturity dates in 2026, 2027, and 2030
- Catalyst Trusteeship Limited serves as the trustee for these securities
Regulatory Changes
No new regulatory framework changes. This is a standard corporate action notification for debt securities redemption.
Compliance Requirements
- Trading members must note the new reduced face values for all affected PTC series
- Securities will trade at the revised face values from the effective date
- Proper record-keeping and client notification requirements apply
Important Dates
- Effective Date: August 7, 2025
- Notice Date: August 6, 2025
- Reference: DR-690/2025-2026
Impact Assessment
Moderate impact limited to holders of India Universal Trust PTCs. The partial redemption provides liquidity to investors while maintaining ongoing investment exposure. Trading members need to update their systems with new face values to ensure accurate pricing and settlement.
Impact Justification
Affects specific debt securities with significant face value changes for India Universal Trust PTCs