Description
Notification of partial redemption reducing face value of TRINITY TRUST SEP 2025 Pass Through Certificates to Rs. 7873.25 per PTC, effective December 22, 2025.
Summary
Mitcon Credentia Trusteeship Services Ltd has informed BSE about the partial redemption of Pass Through Certificates (PTCs) issued by TRINITY TRUST SEP 2025. The face value of these PTCs will be reduced to Rs. 7873.25 per PTC following the partial redemption. Trading members are required to trade these securities at the reduced face value effective from December 22, 2025.
Key Points
- Partial redemption of TRINITY TRUST SEP 2025 PTCs announced
- Scrip Code: 977166, ISIN: INE2JU715017
- Interest Rate: 11.75%
- Maturity Date: September 21, 2027
- Reduced face value: Rs. 7873.25 per PTC
- Trustee: Mitcon Credentia Trusteeship Services Ltd
- Reference: DR-782/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard corporate action involving partial redemption of debt securities.
Compliance Requirements
- Trading members must trade the PTCs at the reduced face value of Rs. 7873.25 per PTC
- All trading members are required to take note of this change
- The reduced face value must be reflected in trading systems and records
Important Dates
- Notice Date: December 19, 2025
- Effective Date for Trading at Reduced Face Value: December 22, 2025
Impact Assessment
Market Impact: Limited to holders and traders of TRINITY TRUST SEP 2025 PTCs in the debt segment. The partial redemption returns capital to investors while reducing the outstanding face value of each certificate.
Investor Impact: PTC holders will receive partial redemption proceeds and continue to hold certificates with reduced face value. Future coupon payments and final redemption will be calculated based on the new reduced face value of Rs. 7873.25 per PTC.
Operational Impact: Trading members must update their systems to reflect the new face value to ensure accurate pricing and settlement of trades from December 22, 2025 onwards.
Impact Justification
Impacts holders of specific PTCs with face value reduction; limited to debt segment investors in this particular security.