Description

FRIEZA 06 2025 PTCs will undergo part redemption with face value reduced to Rs. 0.60 per PTC effective January 1, 2026.

Summary

BSE has notified that FRIEZA 06 2025 (ISIN: INE26SJ15017, Code: 976876) will undergo part redemption of Pass Through Certificates (PTCs). Trading in these PTCs will commence with a reduced face value of Rs. 0.60 per PTC effective from January 1, 2026. The record date for determining eligible PTC holders for this part redemption has been set as January 1, 2026.

Key Points

  • Security: FRIEZA 06 2025 (9.90% PTCs maturing on December 17, 2026)
  • ISIN: INE26SJ15017
  • BSE Code: 976876
  • Reduced face value: Rs. 0.60 per PTC
  • Corporate action: Part redemption of PTCs
  • Trading with reduced face value begins from effective date
  • Settlement number: DR-789/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a corporate action notice for part redemption of debt securities.

Compliance Requirements

  • Trading members must note the change in face value for FRIEZA 06 2025 PTCs
  • Trading with reduced face value to be implemented from the effective date
  • Trading members should inform their clients holding these PTCs about the part redemption and face value reduction

Important Dates

  • Notice Date: December 30, 2025
  • Record Date: January 1, 2026
  • Effective Date: January 1, 2026 (for trading with reduced face value)
  • Settlement Number: DR-789/2025-2026

Impact Assessment

Market Impact: Limited to holders of FRIEZA 06 2025 PTCs in the debt segment. The part redemption will reduce the outstanding face value of the PTCs, returning partial capital to investors while maintaining trading of the securities at the reduced face value.

Investor Impact: PTC holders on the record date will receive partial redemption proceeds. Post-redemption, the PTCs will trade at the reduced face value of Rs. 0.60, affecting the nominal value of holdings and future redemption amounts.

Impact Justification

Routine corporate action affecting specific debt security holders. Medium impact due to face value reduction affecting PTC holders of FRIEZA 06 2025.