V08T-9.75%-20-2-27-PTC - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/v08t-9.75-20-2-27-ptc/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usThu, 23 Apr 2026 00:00:00 +0000Part Redemption of PTCs of Vajra Trust - Reduced Face Values Effective April 24, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-04-23-ae944b3fa612399d-part-redemption-of-ptcs-of-vajra-trust/Thu, 23 Apr 2026 10:10:40 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-04-23-ae944b3fa612399d-part-redemption-of-ptcs-of-vajra-trust/BSE notifies trading members of partial redemption of Pass Through Certificates (PTCs) across 10 Vajra Trust series, with reduced face values effective April 24, 2026.bselistingmediummediummediumae944b3fa612399dhttps://www.bseindia.com/downloads/UploadDocs/Notices/20260423-15/20260423-15.pdfVAJRA010-9.50%-20-06-28-PTCVJ09T-9.75%-20-1-28-PTCV07T-9.75%-20-7-30-PTCV08T-9.75%-20-2-27-PTCVAJRA 12-9.25%-20-10-28-PTCVAJRA-9.25%-20-1-31-PTCVJRA011-9.25%-20-9-27-PTCVT-9.25%-20-5-27-PTCVJ016T-9.25%-20-6-34-PTCVT-9.25%-20-9-28-PTCptcpart-redemptiondebtvajra-trustcorporate-actionslisting-operationsface-value-reductionpass-through-certificatesSummary

BSE Notice No. 20260423-15 informs trading members that Axis Trustee Services Limited has communicated reduced face values on partial redemption of Pass Through Certificates (PTCs) across 10 Vajra Trust series. These PTCs will trade at the new reduced face values with effect from April 24, 2026 (Reference: DR-617/2026-2027).

Key Points

  • Axis Trustee Services Limited has notified BSE of partial redemption across 10 Vajra Trust PTC series
  • All affected PTCs are in the Debt segment under Listing Operations
  • Reduced face values are effective from April 24, 2026
  • Trading members must note and apply the new reduced face values for these instruments
  • The notice covers PTCs with coupon rates ranging from 9.25% to 9.75%

Regulatory Changes

No new regulatory framework is introduced. This is a corporate action notice reflecting partial redemption of existing debt instruments, resulting in revised (reduced) face values for the listed PTCs.

Compliance Requirements

  • Trading members are required to take note of the revised face values for all 10 affected PTC scrips
  • All trades in these PTCs from April 24, 2026 onwards must reflect the reduced face values as specified

Important Dates

  • Notice Date: April 23, 2026
  • Effective Date of Reduced Face Value: April 24, 2026
  • Reference: DR-617/2026-2027

Impact Assessment

The partial redemption reduces the outstanding face value of 10 Vajra Trust PTC series. The revised face values per debenture are:

Trust Scrip ISIN Scrip Code Reduced Face Value (Rs.)
Vajra 010 Trust VAJRA010-9.50%-20-06-28-PTC INE0YD715011 975785 40,10,851.73
Vajra 009 Trust VJ09T-9.75%-20-1-28-PTC INE0YD015024 975787 97,96,193.67
Vajra 007 Trust V07T-9.75%-20-7-30-PTC INE0UQJ15015 975577 17,40,718.38
Vajra 008 Trust V08T-9.75%-20-2-27-PTC INE0UQO15015 975578 13,56,506.20
Vajra 012 Trust VAJRA 12-9.25%-20-10-28-PTC INE10VT15014 975906 5,65,246.95
Vajra 012 Trust VAJRA-9.25%-20-1-31-PTC INE10VT15022 975907 84,27,541.16
Vajra 011 Trust VJRA011-9.25%-20-9-27-PTC INE116015012 975901 29,44,706.81
Vajra 015 Trust VT-9.25%-20-5-27-PTC INE20NI15021 976744 69,75,645.35
Vajra 016 Trust VJ016T-9.25%-20-6-34-PTC INE1ZSF15016 976719 95,70,705.41
Vajra 014 Trust VT-9.25%-20-9-28-PTC INE1EJ815024 976277 86,61,779.94

Impact is limited to participants holding or trading these specific debt instruments. The partial redemption is a routine structured finance event for securitisation trusts and does not indicate financial distress.

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