Description
BSE notifies partial redemption of Pass Through Certificates (PTCs) issued by SHANKS 01 2025 SERIES A2, with reduced face value effective from December 10, 2025.
Summary
BSE has informed trading members about the partial redemption of Pass Through Certificates (PTCs) of SHANKS 01 2025 SERIES A2. Following this partial redemption, the face value per PTC will be reduced to Rs. 639.30. The revised face value will be effective for trading from December 10, 2025.
Key Points
- Instrument: SHANKS 01 2025 Series A2 (ISIN: INE1O3X15025, Scrip Code: 976447)
- Corporate Action: Part Redemption of PTCs
- New Reduced Face Value: Rs. 639.30 per PTC
- Interest Rate: 12%
- Maturity Date: October 28, 2027
- Trustee: Catalyst Trusteeship Limited
- Reference: DR-774/2025-2026
- Notice Number: 20251209-6
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification.
Compliance Requirements
- Trading members must note the reduced face value of Rs. 639.30 per PTC
- All trades in these PTCs must reflect the reduced face value from December 10, 2025 onwards
- Trading members should update their systems and records accordingly
Important Dates
- Notice Date: December 9, 2025
- Effective Date for Reduced Face Value: December 10, 2025
- PTC Maturity Date: October 28, 2027
Impact Assessment
This is a routine corporate action with limited market impact. The partial redemption affects only holders and traders of SHANKS 01 2025 SERIES A2 PTCs. The reduced face value will impact the pricing and valuation calculations for this specific instrument. Trading members dealing in this security need to update their systems to reflect the new face value to ensure accurate trade execution and settlement.
Impact Justification
Routine corporate action affecting a single debt instrument series with limited market-wide impact. Information relevant only to holders and traders of this specific PTC.