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 August 22, 2025, following the record date of August 24, 2025 for interest payment and part redemption.
Key Points
- TULIP GROWTH 12 2023 PTCs (Code: TG1223-14.25%-28-6-26-PTC, ISIN: INE0SDO15017) undergoing part redemption
- Record date fixed as August 24, 2025 for interest payment and part redemption
- Reduced face value of Rs. 22,760.50 per PTC
- Trading with reduced face value starts August 22, 2025
- Settlement number: DR-700/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action for debt securities.
Compliance Requirements
- Trading members must note the change in face value for TULIP GROWTH 12 2023 PTCs
- Updated trading parameters effective from August 22, 2025
- Proper settlement procedures to be followed under DR-700/2025-2026
Important Dates
- August 22, 2025: Effective date for trading with reduced face value
- August 24, 2025: Record date for part redemption and interest payment
Impact Assessment
Medium impact limited to holders and traders of TULIP GROWTH 12 2023 PTCs. The significant reduction in face value will affect trading calculations and positions. Market participants dealing with this specific debt instrument need to adjust their systems and processes accordingly.
Impact Justification
Affects specific debt instrument trading with face value reduction