Description
FRIEZA 06 2025 PTCs will undergo part redemption with reduced face value from Rs. 0.60 per PTC effective January 1, 2026.
Summary
BSE has notified that FRIEZA 06 2025 Pass Through Certificates (PTCs) will undergo part redemption. The record date has been fixed as January 1, 2026, and trading in these PTCs will commence with a reduced face value of Rs. 0.60 per PTC from the same date under settlement number DR-789/2025-2026.
Key Points
- ISIN: INE26SJ15017 (Code: 976876)
- PTC Series: FRIEZA-9.90%-17-12-26-PTC
- Part redemption will result in reduced face value
- Trading members have been informed of the change
- Settlement: DR-789/2025-2026
Regulatory Changes
No regulatory framework changes. This is a corporate action notification for existing debt securities.
Compliance Requirements
- Trading members must note the reduced face value for FRIEZA 06 2025 PTCs
- Trading in PTCs will be conducted with the new reduced face value from the effective date
- All market participants should update their systems to reflect Rs. 0.60 per PTC face value
Important Dates
- Record Date: January 1, 2026
- Effective Date for Reduced Face Value: January 1, 2026
- Notice Date: December 30, 2025
Impact Assessment
This part redemption affects holders of FRIEZA 06 2025 PTCs. The reduction in face value to Rs. 0.60 per PTC indicates partial return of principal to investors. Trading members and investors holding these securities need to account for the reduced face value in their positions and valuations from January 1, 2026 onwards. The impact is limited to debt segment participants dealing specifically with this PTC series.
Impact Justification
Part redemption of PTCs affects debt security holders but is a routine corporate action with clear timelines and reduced face value specified.