Description

Notification of partial redemption of Pass Through Certificates (PTCs) for three securitisation trusts with revised face values effective January 13, 2025.

Summary

Catalyst Trusteeship Ltd. has informed BSE about the partial redemption of Pass Through Certificates (PTCs) for three securitisation trusts. The redemption results in reduced face values per PTC, which will be effective for trading from January 13, 2025.

Key Points

  • Three securitisation trusts undergoing partial redemption of PTCs
  • SIDDHIVINAYAK SECURITISATION TRUST SST-7.80%-28-9-30-PTC (ISIN: INE2I7F15012, Scrip: 977125) reduced face value to Rs. 9,928,255.68 per PTC
  • SHIVSHAKTI SECURITISATION TRUST SST-7.73%-28-9-29-PTC (ISIN: INE2I7G15010, Scrip: 977121) reduced face value to Rs. 9,920,543.10 per PTC
  • RADHAKRISHNA SECURITISATION TRUST RKST-7.66%-28-9-28-PTC (ISIN: INE2I7H15018, Scrip: 977124) reduced face value to Rs. 9,911,614.71 per PTC
  • Trading members must note the revised face values for trading purposes
  • Reference: DR-797/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade the PTCs with the revised reduced face values from the effective date
  • Trading members are required to take note of the updated face values for accurate trading and settlement

Important Dates

  • Notice Date: January 12, 2026
  • Effective Date: January 13, 2025 (Note: There appears to be a date discrepancy in the original circular - notice dated 2026 but effective date stated as 2025)

Impact Assessment

Market Impact: Medium - affects three debt instruments in the securitisation trust segment

Operational Impact: Trading members dealing in these specific PTCs must update their systems with the new reduced face values to ensure accurate trading and settlement. The partial redemption reflects scheduled repayment of the underlying assets in these securitisation trusts and is a routine corporate action in the debt market.

Impact Justification

Routine partial redemption affecting three debt instruments with updated face values for trading purposes