Description

Notification of reduced face values for six series of Pass Through Certificates (PTCs) issued by 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 reduced face values will be effective from January 9, 2025, and trading members are required to trade these PTCs at the updated face values.

Key Points

  • Six PTC series of India Universal Trust AL1 and AL2 have undergone partial redemption
  • Catalyst Trusteeship Limited has communicated the reduced face values to BSE
  • Trading will commence with new face values from January 9, 2025
  • Notice issued under reference DR-795/2025-2026
  • All PTCs are listed on the Debt segment of BSE

Regulatory Changes

No regulatory changes. This is a corporate action notification for existing debt securities.

Compliance Requirements

  • Trading members must note the reduced face values for the affected PTCs
  • Trading members must trade these PTCs at the new reduced face values from January 9, 2025
  • Trading members should update their systems to reflect the new face values

Important Dates

  • Notice Date: January 8, 2026
  • Effective Date: January 9, 2025 (trading with reduced face values begins)

Impact Assessment

Affected Securities:

  1. INDIA UNIVERSAL TRUST AL1 - Series A1 (ISIN: INE16J715019, Scrip Code: 976050)

    • New Face Value: Rs. 2,522,289.52 per PTC

  2. INDIA UNIVERSAL TRUST AL1 - Series A2 (ISIN: INE16J715027, Scrip Code: 976051)

    • New Face Value: Rs. 8,182,500.93 per PTC

  3. INDIA UNIVERSAL TRUST AL1 - Series A3 (ISIN: INE16J715035, Scrip Code: 976052)

    • New Face Value: Rs. 9,131,387.09 per PTC

  4. INDIA UNIVERSAL TRUST AL2 - Series A1 (ISIN: INE1CBK15011, Scrip Code: 976206)

    • New Face Value: Rs. 3,550,489.68 per PTC

  5. INDIA UNIVERSAL TRUST AL2 - Series A2 (ISIN: INE1CBK15029, Scrip Code: 976207)

    • New Face Value: Rs. 7,408,678.89 per PTC

  6. INDIA UNIVERSAL TRUST AL2 - Series A3 (ISIN: INE1CBK15037, Scrip Code: 976208)

    • New Face Value: Rs. 9,469,230.22 per PTC

Market Impact: Limited to holders and traders of these specific debt securities. The partial redemption reduces the outstanding principal amount, and trading members must adjust their systems accordingly. No broader market implications expected.

Impact Justification

Routine corporate action affecting debt securities with specific face value reductions. Important for PTC holders and trading members but limited broader market impact.