Description
India Universal Trust announces partial redemption with reduced face values for six Pass Through Certificates (PTCs) across AL1 and AL2 series, effective September 3, 2025.
Summary
India Universal Trust has announced partial redemption of Pass Through Certificates (PTCs) for AL1 and AL2 series (A1, A2, and A3 each). The redemption involves substantial reduction in face values per PTC, with the new reduced face values becoming effective for trading from September 3, 2025.
Key Points
- Six PTCs across two series (AL1 and AL2) undergoing partial redemption
- Face values reduced significantly - ranging from Rs. 4,525,004.17 to Rs. 9,632,605.80 per PTC
- Trading with reduced face values effective from September 3, 2025
- Reference number: DR-707/2025-2026
Regulatory Changes
No regulatory changes announced. This is a standard corporate action for partial redemption of debt securities.
Compliance Requirements
- Trading members must update their systems to reflect the new reduced face values
- All trades from September 3, 2025 must be executed at the reduced face values
- Trading members required to take note and ensure compliance
Important Dates
- Notice Date: September 2, 2025
- Effective Date: September 3, 2025 (Trading with reduced face values begins)
Impact Assessment
The partial redemption will impact holders of these specific PTCs through reduction in face values. Trading members need to adjust their positions and valuations accordingly. The redemption affects six distinct PTCs with varying maturity dates (2026, 2027, and 2030) and coupon rates (ranging from 8.02% to 8.20%).
Impact Justification
Significant reduction in face values affects PTC holders but limited to specific debt securities