Description
Notification of partial redemption of Pass Through Certificates (PTCs) of TRINITY TRUST SEP 2025 with reduced face value effective December 22, 2025.
Summary
Mitcon Credentia Trusteeship Services Ltd has informed BSE about the partial redemption of Pass Through Certificates (PTCs) of TRINITY TRUST SEP 2025. The face value of the PTCs has been reduced to Rs. 7,873.25 per PTC following the partial redemption. Trading members are advised that the PTCs will trade with the new reduced face value effective December 22, 2025.
Key Points
- Partial redemption of PTCs issued by TRINITY TRUST SEP 2025
- ISIN: INE2JU715017, Scrip Code: 977166
- New reduced face value: Rs. 7,873.25 per PTC
- Effective date for trading with reduced face value: December 22, 2025
- Notice reference: DR-782/2025-2026
- Trustee: Mitcon Credentia Trusteeship Services Ltd
Regulatory Changes
No regulatory changes. This is a corporate action notification regarding the partial redemption of debt securities.
Compliance Requirements
- Trading members must note the reduced face value of Rs. 7,873.25 per PTC
- All trading in these PTCs from December 22, 2025 onwards must reflect the new reduced face value
- Trading members are required to update their systems accordingly
Important Dates
- Notice Date: December 19, 2025
- Effective Date for Reduced Face Value Trading: December 22, 2025
Impact Assessment
This partial redemption affects holders of TRINITY TRUST SEP 2025 PTCs (11.75% coupon maturing September 21, 2027). The face value reduction from the original amount to Rs. 7,873.25 per PTC reflects the return of principal to investors. Trading members and investors holding these PTCs need to account for the reduced face value in their portfolios and trading activities. The impact is specific to this debt instrument and does not have broader market implications.
Impact Justification
Affects specific PTC holders with partial redemption reducing face value; limited to debt instrument investors in TRINITY TRUST SEP 2025