Description
BSE suspends trading in two PTCs of Vajra Trust effective February 25, 2025, following redemption notices for VT-9.25%-20-10-26-PTC and VT-9.25%-20-7-26-PTC.
Summary
BSE has suspended trading in two Pass-Through Certificates (PTCs) issued by Vajra Trust effective February 25, 2025 (DR-828/2025-2026). Axis Trustee Services Limited informed the Exchange of the redemption of these PTCs, prompting the suspension notice to all trading members.
Key Points
- Trading is suspended in two PTCs of Vajra Trust: VT-9.25%-20-10-26-PTC (ISIN: INE20NI15013, Scrip Code: 976743) and VT-9.25%-20-7-26-PTC (ISIN: INE1EJ815016, Scrip Code: 976276)
- Axis Trustee Services Limited notified BSE of the redemption of both PTCs
- Both PTCs carry a coupon rate of 9.25%
- Reference: DR-828/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard operational action under existing BSE debt segment trading rules for securities undergoing redemption.
Compliance Requirements
- Trading members are advised not to deal in the aforesaid PTCs of Vajra Trust with effect from February 25, 2025
- All trading members are required to take note of this suspension
Important Dates
- Circular Date: February 24, 2026
- Suspension Effective Date: February 25, 2025
Impact Assessment
The suspension affects holders and traders of these two Vajra Trust PTCs in the BSE Debt Market Segment. Both securities are being redeemed, so the trading suspension is a routine procedural step. Impact is limited to participants directly holding or trading these specific instruments; no broader market disruption is expected.
Impact Justification
Routine trading suspension for two PTCs following redemption; affects holders of these specific debt instruments but has limited broader market impact.