Description
BSE announces part redemption of Pass Through Certificates (PTCs) of GRIPX SAGE 06 2024 with reduced face value effective August 13, 2025.
Summary
BSE has announced the part redemption of Pass Through Certificates (PTCs) of GRIPX SAGE 06 2024. The company has fixed a record date for interest payment and part redemption, resulting in a reduced face value for trading purposes.
Key Points
- GRIPX SAGE 06 2024 PTCs (INE0XP815016, Code: 975761) undergoing part redemption
- Record date set for August 13, 2025
- Trading will commence with reduced face value from the effective date
- Both interest payment and part redemption occurring simultaneously
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
- Settlement will reflect the new reduced face value
- Record date compliance required for interest and redemption eligibility
Important Dates
- Record Date: August 13, 2025
- Effective Date: August 13, 2025
- Settlement Number: DR-694/2025-2026
Impact Assessment
Medium impact limited to holders of GRIPX SAGE 06 2024 PTCs. The reduced face value of Rs. 3,119.18 per PTC will affect trading calculations and settlement processes. This is a routine corporate action with no broader market implications.
Impact Justification
Routine corporate action affecting specific debt security with face value reduction