Description
BSE notifies reduced face values for 10 Pass Through Certificates (PTCs) of Vajra Trust following partial redemption, effective January 22, 2025.
Summary
Axis Trustee Services Limited has informed BSE about the partial redemption of 10 Pass Through Certificates (PTCs) of Vajra Trust, resulting in reduced face values for these securities. Trading members are advised that these PTCs will trade with the updated reduced face values effective January 22, 2025. This is a routine corporate action in the debt segment.
Key Points
- 10 different PTCs of Vajra Trust undergoing partial redemption
- Reduced face values ranging from Rs. 99,076.63 to Rs. 1,10,33,952.57 per PTC
- Axis Trustee Services Limited acting as the trustee
- Notice number: 20260121-17
- Reference: DR-804/2025-2026
Affected Securities
| Trust Name | ISIN | Scrip Code | New Face Value (Rs.) |
|---|---|---|---|
| VAJRA 010 TRUST | INE0YD715011 | 975785 | 47,91,842.28 per PTC |
| VAJRA 009 TRUST | INE0YD015016 | 975786 | 10,97,020.19 per PTC |
| VAJRA 007 TRUST | INE0UQJ15015 | 975577 | 26,49,695.55 per PTC |
| Vajra 008 Trust | INE0UQO15015 | 975578 | 22,59,988.36 per PTC |
| Vajra 012 Trust | INE10VT15014 | 975906 | 20,82,647.55 per PTC |
| Vajra 012 Trust | INE10VT15022 | 975907 | 86,80,441.26 per PTC |
| Vajra 011 Trust | INE116015012 | 975901 | 38,68,773.24 per PTC |
| Vajra 014 Trust | INE1EJ815016 | 976276 | 1,35,007.43 per PTC |
| Vajra 015 Trust | INE20NI15013 | 976743 | 99,076.63 per PTC |
| Vajra 016 Trust | INE1ZSF15016 | 976719 | 1,10,33,952.57 per PTC |
Regulatory Changes
No regulatory changes. This is a standard corporate action notification for partial redemption of debt securities.
Compliance Requirements
- Trading members must note the reduced face values for all affected PTCs
- All trading in these PTCs must reflect the new face values
- Trading members should update their systems to reflect the reduced face values before trading commences on January 22, 2025
Important Dates
- Notice Date: January 21, 2026
- Effective Date: January 22, 2025 (PTCs will trade with reduced face values from this date)
Impact Assessment
This is a low-impact administrative update affecting only holders and traders of specific Vajra Trust PTCs in the debt segment. The partial redemption reduces the outstanding principal amount of these securities, which is reflected in the reduced face values. Market participants trading these specific instruments need to be aware of the updated valuations for accurate pricing and settlement. No broader market implications exist beyond these specific securities.
Impact Justification
Routine partial redemption of PTCs affecting only specific debt instrument holders with updated face values for trading purposes