Description
Partial redemption of Pass Through Certificates (PTCs) issued by LeaseX Valerian Jan 25, reducing face value to Rs. 63,899 per PTC effective December 17, 2025.
Summary
BSE has notified trading members about the partial redemption of Pass Through Certificates (PTCs) issued by LeaseX Valerian Jan 25 (represented by Trustee - Axis Trustee Services Limited). The face value of the PTCs has been reduced to Rs. 63,899 per PTC following the partial redemption. Trading with the reduced face value will commence from December 17, 2025.
Key Points
- Issuer: LeaseX Valerian Jan 25 (Trustee: Axis Trustee Services Limited)
- ISIN: INE1JMM15019
- Scrip Code: 976362
- Corporate Action: Part Redemption of PTCs
- New Reduced Face Value: Rs. 63,899 per PTC
- Effective Date for Trading: December 17, 2025
- Notice Reference: DR-779/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification.
Compliance Requirements
Trading members of the Exchange are required to:
- Take note of the partial redemption
- Trade the PTCs with the reduced face value of Rs. 63,899 per PTC from December 17, 2025 onwards
- Update their systems to reflect the new face value
Important Dates
- Notice Date: December 16, 2025
- Effective Date for Trading with Reduced Face Value: December 17, 2025
- PTC Maturity Date: December 22, 2026 (as per ISIN nomenclature)
Impact Assessment
This is a routine corporate action with limited market impact. The partial redemption affects only holders of this specific PTC instrument. Trading members need to update their systems to reflect the reduced face value. The action is part of the normal lifecycle of pass-through certificates where principal is returned to investors periodically. Market-wide impact is minimal as this affects a single debt instrument.
Impact Justification
Routine corporate action affecting specific debt instrument (PTC) holders only, with limited market-wide impact