Description
BSE announces part redemption of Pass Through Certificates (PTCs) of TULIP GROWTH 12 2023 with reduced face value effective August 22, 2025.
Summary
BSE has announced the part redemption of Pass Through Certificates (PTCs) of TULIP GROWTH 12 2023. The PTCs will trade with a reduced face value of Rs. 22,760.50 per PTC effective from August 22, 2025, following the record date of August 24, 2025.
Key Points
- Part redemption and interest payment for TULIP GROWTH 12 2023 PTCs
- Record date: August 24, 2025
- Reduced face value: Rs. 22,760.50 per PTC
- Effective date for reduced face value trading: August 22, 2025
- Settlement number: DR-700/2025-2026
- ISIN: INE0SDO15017 (Code: 975299)
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the change in face value for PTCs
- PTCs will trade with reduced face value from the specified effective date
- Settlement processes to follow designated settlement number
Important Dates
- August 18, 2025: Notice date
- August 22, 2025: Effective date for reduced face value trading
- August 24, 2025: Record date for part redemption and interest payment
Impact Assessment
Limited impact as this affects only holders of specific PTCs of TULIP GROWTH 12 2023. The part redemption reduces the outstanding principal amount, resulting in lower face value per certificate. This is a routine corporate action for debt securities with minimal broader market implications.
Impact Justification
Corporate action affecting specific debt security with limited market impact