Description
TULIP GROWTH 12 2023 has fixed record date for payment of interest and part redemption of PTCs with reduced face value effective from August 22, 2025.
Summary
TULIP GROWTH 12 2023 has announced part redemption of Pass Through Certificates (PTCs) along with interest payment. The record date has been fixed as August 24, 2025, and trading will commence with reduced face value from August 22, 2025.
Key Points
- Company: TULIP GROWTH 12 2023
- ISIN: INE0SDO15017 (Code: 975299)
- Record Date: August 24, 2025
- Purpose: Part Redemption of PTCs and Payment of Interest
- New Reduced Face Value: Rs. 22,760.50 per PTC
- Effective Date: August 22, 2025
- Settlement Number: DR-700/2025-2026
Regulatory Changes
Trading in PTCs will be conducted with the reduced face value effective from the specified date.
Compliance Requirements
Trading members must note the change in face value and ensure proper settlement procedures are followed.
Important Dates
- August 22, 2025: Effective date for trading with reduced face value
- August 24, 2025: Record date for interest payment and part redemption
Impact Assessment
This action affects PTC holders of TULIP GROWTH 12 2023 by reducing the face value while providing interest payment and partial redemption. Trading members need to adjust their systems for the new face value.
Impact Justification
Affects specific PTC holders with face value reduction and interest payment