Description

LeaseX Valerian Jan 25 PTCs undergo partial redemption with reduced face value of 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 Axis Trustee Services Limited as trustee. The face value of the PTCs has been reduced to Rs. 63,899 per PTC following the partial redemption. This reduced face value will be effective for trading from December 17, 2025.

Key Points

  • LeaseX Valerian Jan 25 PTCs (ISIN: INE1JMM15019, Scrip Code: 976362) undergo partial redemption
  • Reduced face value set at Rs. 63,899 per PTC
  • Trustee: Axis Trustee Services Limited
  • Trading with new face value begins December 17, 2025
  • Notice reference: DR-779/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for debt securities involving partial redemption of PTCs.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 63,899 per PTC
  • All trades in these PTCs from December 17, 2025 onwards must reflect the new reduced face value
  • Trading members should update their systems to reflect the new face value for accurate trade execution and settlement

Important Dates

  • Notice Date: December 16, 2025
  • Effective Date for Trading with Reduced Face Value: December 17, 2025

Impact Assessment

This partial redemption has limited market impact as it affects only holders of this specific PTC. The face value reduction is a routine corporate action in debt securities where principal is returned to investors in tranches. Trading members dealing with this instrument need to update their systems to reflect the new face value to ensure accurate pricing and settlement. No broader market implications beyond administrative updates for affected participants.

Impact Justification

Routine partial redemption of debt securities affecting only specific PTC holders. Limited market-wide impact as it concerns a single debt instrument's face value adjustment.