Description

BSE notifies reduced face values for six series of Pass Through Certificates issued by INDIA UNIVERSAL TRUST AL1 & AL2 following partial redemption, effective October 9, 2025.

Summary

Catalyst Trusteeship Limited has informed BSE of partial redemption of Pass Through Certificates (PTCs) for six series issued by INDIA UNIVERSAL TRUST AL1 and AL2. The reduced face values per PTC will be effective from October 9, 2025. Trading members are required to trade these PTCs at the new reduced face values.

Key Points

  • Six PTC series of INDIA UNIVERSAL TRUST AL1 & AL2 undergoing partial redemption
  • New reduced face values range from Rs. 4,022,729.81 to Rs. 9,591,616.71 per PTC
  • Trading with reduced face values effective from October 9, 2025
  • Notice issued by Catalyst Trusteeship Limited
  • Trading members must take note of the revised face values

Regulatory Changes

No regulatory changes. This is a corporate action notification.

Compliance Requirements

  • Trading members must trade the affected PTCs at the reduced face values from October 9, 2025
  • Trading members are required to take note of the revised face values for all six PTC series

Important Dates

  • Notice Date: October 8, 2025
  • Effective Date for Trading: October 9, 2025
  • Document Reference: DR-732/2025-2026

Impact Assessment

Affected Securities

  1. INDIA UNIVERSAL TRUST AL1 - Series A1 (INE16J715019, Scrip Code: 976050)

    • New Face Value: Rs. 4,022,729.81 per PTC

  2. INDIA UNIVERSAL TRUST AL1 - Series A2 (INE16J715027, Scrip Code: 976051)

    • New Face Value: Rs. 8,547,191.27 per PTC

  3. INDIA UNIVERSAL TRUST AL1 - Series A3 (INE16J715035, Scrip Code: 976052)

    • New Face Value: Rs. 9,305,880.08 per PTC

  4. INDIA UNIVERSAL TRUST AL2 - Series A1 (INE1CBK15011, Scrip Code: 976206)

    • New Face Value: Rs. 5,024,023.04 per PTC

  5. INDIA UNIVERSAL TRUST AL2 - Series A2 (INE1CBK15029, Scrip Code: 976207)

    • New Face Value: Rs. 8,000,723.54 per PTC

  6. INDIA UNIVERSAL TRUST AL2 - Series A3 (INE1CBK15037, Scrip Code: 976208)

    • New Face Value: Rs. 9,591,616.71 per PTC

Market Impact

Medium impact limited to debt market participants holding or trading these specific PTCs. The partial redemption reduces the outstanding face value of these securities, which will affect pricing and trading calculations.

Impact Justification

Routine partial redemption affecting six PTC series with updated face values for debt market participants