Description
Trading suspended in REC LIMITED bonds (REC-5.81%-31-12-25-PVT) from December 16, 2025 due to redemption with record date set for the same day.
Summary
BSE has suspended trading in bonds of REC LIMITED (India Infrastructure Finance Company Limited) effective December 16, 2025. The suspension applies to the bond series REC-5.81%-31-12-25-PVT (ISIN: INE020B08DH2, Scrip Code: 960313) due to the company fixing a record date for redemption purposes. Trading members are strictly advised not to deal in these bonds from the suspension date.
Key Points
- Bond series affected: REC-5.81%-31-12-25-PVT
- ISIN: INE020B08DH2
- Scrip Code: 960313
- Record date for redemption: December 16, 2025
- No dealings permitted from: December 16, 2025
- Purpose: Redemption of bonds
- Notice reference: DR-778/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard operational suspension pursuant to corporate action procedures when an issuer fixes a record date for bond redemption.
Compliance Requirements
- Trading members must cease all dealing activities in the specified REC LIMITED bonds from December 16, 2025
- Trading members must inform their clients holding these bonds about the suspension
- No buy or sell orders should be accepted or executed for the affected bond series
- Members must ensure compliance with the suspension directive to avoid regulatory penalties
Important Dates
- Notice Date: December 11, 2025
- Record Date: December 16, 2025
- Suspension Effective Date: December 16, 2025
- Redemption Date: December 31, 2025 (as per bond nomenclature)
Impact Assessment
Market Impact: High - Bondholders will be unable to trade these securities from December 16, 2025 onwards. The suspension effectively locks investors into holding the bonds until redemption.
Investor Impact: Bondholders eligible as per the record date of December 16, 2025 will receive redemption proceeds. Those wishing to exit their positions must do so before the suspension date.
Liquidity Impact: Complete elimination of secondary market liquidity for this bond series from the suspension date until redemption is completed.
Operational Impact: Trading members must update their systems to block trades in this specific ISIN and communicate the suspension to affected clients promptly.
Impact Justification
Complete suspension of trading in specific bonds affects bondholders' ability to transact and signals imminent redemption