Description
FRIEZA 06 2025 Pass Through Certificates undergoing part redemption with reduced face value effective December 1, 2025. Trading will continue with reduced face value of Rs. 0.68 per debenture.
Summary
BSE has announced that FRIEZA 06 2025 Pass Through Certificates (PTCs) will undergo part redemption along with interest payment. The record date has been set for December 1, 2025, and trading in these PTCs will continue with a reduced face value of Rs. 0.68 per debenture effective from the same date.
Key Points
- FRIEZA 06 2025 PTCs (ISIN: INE26SJ15017, Code: 976876) subject to part redemption
- Record date fixed for December 1, 2025
- Dual purpose: Payment of interest and part redemption of PTCs
- Trading to continue with reduced face value post-redemption
- Effective date of reduced face value: December 1, 2025 (Settlement No. DR-767/2025-2026)
- New face value: Rs. 0.68 per debenture
Regulatory Changes
No regulatory changes. This is a standard corporate action notification for debt securities.
Compliance Requirements
- Trading members must note the change in face value effective December 1, 2025
- All trades from December 1, 2025 onwards must reflect the reduced face value of Rs. 0.68 per debenture
- Members should update their systems to account for the part redemption and adjusted face value
Important Dates
- Record Date: December 1, 2025 - for determining eligible holders for interest payment and part redemption
- Effective Date: December 1, 2025 - trading commences with reduced face value
- Settlement Number: DR-767/2025-2026
- Notice Date: November 24, 2025
Impact Assessment
Market Impact: Low - This is a routine debt instrument corporate action affecting only holders of specific PTCs.
Operational Impact: Low - Trading members need to update systems to reflect the new face value, but this is a standard operational adjustment. The PTCs remain tradeable with the reduced face value.
Investor Impact: Medium for PTC holders - Holders will receive partial redemption proceeds and interest payment. Remaining holdings will have reduced face value but continue to be tradeable on the exchange.
Impact Justification
Routine corporate action affecting a single debt instrument with part redemption and face value adjustment. Limited market-wide impact as it pertains to specific PTCs only.