Description

Notification of reduced face values for six series of Pass Through Certificates (PTCs) of India Universal Trust AL1 and AL2 following partial redemption, effective January 9, 2025.

Summary

Catalyst Trusteeship Limited has informed BSE of the reduced face values for six series of Pass Through Certificates (PTCs) issued by India Universal Trust AL1 and AL2 following partial redemption. The new face values will be effective from January 9, 2025. Trading members are required to trade these PTCs at the revised face values.

Key Points

  • Six PTC series affected: India Universal Trust AL1 Series A1, A2, A3 and AL2 Series A1, A2, A3
  • All PTCs have undergone partial redemption resulting in reduced face values
  • Revised face values range from Rs. 2,522,289.52 to Rs. 9,469,230.22 per PTC
  • Changes become effective from January 9, 2025
  • Notice issued by Catalyst Trusteeship Limited
  • Trading members must note the reduced face values for trading purposes

Regulatory Changes

No regulatory changes. This is a notification of corporate action (partial redemption) affecting debt securities.

Compliance Requirements

  • Trading members must trade the affected PTCs at the revised face values effective January 9, 2025
  • Trading members are required to take note of the reduced face values for all six PTC series

Important Dates

  • Notice Date: January 8, 2026
  • Effective Date for Revised Face Values: January 9, 2025
  • Document Reference: DR-795/2025-2026

Impact Assessment

Market Impact: Medium - Affects holders and traders of six PTC series. The partial redemption reduces the outstanding principal on these debt instruments.

Affected Securities:

  1. INDIA UNIVERSAL TRUST AL1 - Series A1 (INE16J715019/976050): Reduced to Rs. 2,522,289.52 per PTC
  2. INDIA UNIVERSAL TRUST AL1 - Series A2 (INE16J715027/976051): Reduced to Rs. 8,182,500.93 per PTC
  3. INDIA UNIVERSAL TRUST AL1 - Series A3 (INE16J715035/976052): Reduced to Rs. 9,131,387.09 per PTC
  4. INDIA UNIVERSAL TRUST AL2 - Series A1 (INE1CBK15011/976206): Reduced to Rs. 3,550,489.68 per PTC
  5. INDIA UNIVERSAL TRUST AL2 - Series A2 (INE1CBK15029/976207): Reduced to Rs. 7,408,678.89 per PTC
  6. INDIA UNIVERSAL TRUST AL2 - Series A3 (INE1CBK15037/976208): Reduced to Rs. 9,469,230.22 per PTC

Operational Impact: Trading systems and records must be updated to reflect the new face values for accurate pricing and settlement.

Impact Justification

Routine partial redemption affecting six debt securities with updated face values. Important for PTC holders and traders but limited broader market impact.