Description
TULIP GROWTH 12 2023 has fixed Record Date of October 24, 2025 for payment of interest and part redemption of PTCs, with reduced face value of Rs. 16,653.72 per PTC effective from the same date.
Summary
BSE has notified that TULIP GROWTH 12 2023 has fixed the Record Date for payment of interest and part redemption of Pass Through Certificates (PTCs). Trading in the PTCs will be conducted with a reduced face value effective from October 24, 2025. The reduced face value will be Rs. 16,653.72 per PTC.
Key Points
- Company: TULIP GROWTH 12 2023
- ISIN: INE0SDO15017
- Security Code: 975299 (TG1223-14.25%-28-6-26-PTC)
- Record Date: October 24, 2025
- Purpose: Part Redemption of PTCs and Payment of Interest
- Reduced Face Value: Rs. 16,653.72 per PTC
- Effective Date: October 24, 2025
- Settlement Number: DR-742/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification.
Compliance Requirements
- Trading Members must note that trading in the PTCs will be conducted with the reduced face value effective from October 24, 2025
- Members should update their systems to reflect the new face value of Rs. 16,653.72 per PTC
- Appropriate adjustments must be made for settlement DR-742/2025-2026
Important Dates
- Notice Date: October 16, 2025
- Record Date: October 24, 2025
- Effective Date of Reduced Face Value: October 24, 2025
- Settlement: DR-742/2025-2026
Impact Assessment
Market Impact: Medium - Affects holders of TULIP GROWTH 12 2023 PTCs who will receive part redemption proceeds and interest payment.
Trading Impact: Trading will continue with reduced face value from the effective date. Market participants must ensure systems are updated to reflect the new face value of Rs. 16,653.72 per PTC.
Investor Impact: PTC holders on record date will receive interest payment and partial redemption of their securities, reducing their principal exposure in this instrument.
Impact Justification
Standard part redemption of PTCs affecting holders of TULIP GROWTH 12 2023 securities with reduced face value. Routine corporate action with specific impact on PTC holders.