Description
TULIP GROWTH 12 2023 has announced part redemption of Pass Through Certificates (PTCs) and payment of interest with record date October 24, 2025.
Summary
BSE has issued a notice regarding the part redemption of Pass Through Certificates (PTCs) of TULIP GROWTH 12 2023. The company has fixed a record date for payment of interest and part redemption, which will result in a reduced face value of the PTCs. Trading in these securities will commence with the reduced face value from the effective date.
Key Points
- ISIN: INE0SDO15017 (Code: 975299)
- 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
- Segment: IRD (Indian Rupee Denominated)
Regulatory Changes
No regulatory changes announced. This is a routine corporate action notice.
Compliance Requirements
- Trading members must note that trading in the PTCs will be conducted with the reduced face value effective from October 24, 2025
- Trading members should update their systems to reflect the new face value of Rs. 16,653.72 per PTC
Important Dates
- Notice Date: October 16, 2025
- Record Date: October 24, 2025
- Effective Date of Reduced Face Value: October 24, 2025
- Settlement Number: DR-742/2025-2026
Impact Assessment
This circular has limited market impact as it affects only holders of TULIP GROWTH 12 2023 PTCs. The part redemption will reduce the outstanding face value of the securities, and interest will be paid to holders on record as of October 24, 2025. Trading members dealing with these securities must ensure their systems reflect the updated face value from the effective date.
Impact Justification
Routine part redemption notice for specific debt instrument affecting only PTC holders of TULIP GROWTH 12 2023