Description
TULIP GROWTH 12 2023 has fixed record date for payment of interest and part redemption of Pass Through Certificates (PTCs) with reduced face value effective from January 23, 2026.
Summary
BSE has notified trading members that TULIP GROWTH 12 2023 Pass Through Certificates (PTCs) will undergo part redemption with interest payment. The record date has been set as January 24, 2026, and trading in these PTCs will commence with reduced face value from January 23, 2026.
Key Points
- Part redemption and interest payment for TULIP GROWTH 12 2023 PTCs
- ISIN: INE0SDO15017 (Code: 975299)
- Coupon Rate: 14.25%
- Maturity Date: June 28, 2026
- Reduced face value: Rs. 9,036.64 per PTC (post-redemption)
- Settlement Number: DR-805/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notice.
Compliance Requirements
- Trading members must note the change in face value effective from January 23, 2026
- All trades executed on or after the effective date will reflect the reduced face value
- Members should update their systems to reflect the new face value for settlement purposes
Important Dates
- January 23, 2026: Effective date for trading with reduced face value (Settlement DR-805/2025-2026)
- January 24, 2026: Record date for determining eligible holders for part redemption and interest payment
Impact Assessment
This corporate action impacts holders of TULIP GROWTH 12 2023 PTCs. The part redemption reduces the outstanding face value per certificate to Rs. 9,036.64. Investors on record as of January 24, 2026 will receive the redemption amount and accrued interest. Trading members must ensure their systems reflect the reduced face value for accurate pricing and settlement from January 23, 2026 onwards.
Impact Justification
Routine corporate action for debt security holders involving part redemption and interest payment with reduced face value