Description

SANSAR TRUST - SERIES A1 announces partial redemption of Pass Through Certificates (PTCs) across three series with reduced face values effective January 9, 2025.

Summary

SANSAR TRUST - SERIES A1 has announced partial redemption of Pass Through Certificates (PTCs) across three series, resulting in reduced face values. The changes will be effective from January 9, 2025, and trading members are required to trade these PTCs at the new reduced face values.

Key Points

  • Three PTC series of SANSAR TRUST - SERIES A1 undergoing partial redemption
  • SANSAR TRUST NOV 2023 IV (ISIN: INE0SAI15015, Scrip Code: 975244): Reduced face value to Rs. 0.17 per PTC
  • SANSAR JUNE 2024 TRUST (ISIN: INE0YWN15017, Scrip Code: 975807): Reduced face value to Rs. 0.38 per PTC
  • SANSAR AUG 2024 VII TRUST (ISIN: INE14LF15016, Scrip Code: 976002): Reduced face value to Rs. 0.57 per PTC
  • All PTCs will trade with reduced face values from January 9, 2025
  • Notice issued under reference DR-795/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must update systems to reflect the new reduced face values for all three PTC series
  • Trading members must ensure PTCs are traded at the reduced face values from the effective date
  • Trading members are required to take note of the changes and communicate to relevant stakeholders

Important Dates

  • Notice Date: January 8, 2026
  • Effective Date for Trading at Reduced Face Value: January 9, 2025 (note: appears to be a typo in original circular, likely should be 2026)

Impact Assessment

Market Impact: Medium - Affects holders of three specific PTC series issued by SANSAR TRUST. The partial redemption reduces outstanding principal amounts.

Operational Impact: Trading members need to update their systems to reflect new face values for these PTCs. The impact is limited to debt segment participants and specific PTC holders.

Investor Impact: PTC holders will receive partial redemption proceeds and will hold securities with reduced face values going forward. This affects the calculation of returns and future redemption amounts for these specific debt instruments.

Impact Justification

Routine partial redemption of debt instruments affecting three PTC series. Important for debt security holders but limited broader market impact.