Description
NSE suspends trading in Prestige Projects Private Limited NCDs effective August 21, 2025 due to exercise of call option.
Summary
NSE has announced the suspension of trading in Non-Convertible Debentures of Prestige Projects Private Limited (Symbol: 1175PPPL27, ISIN: INE757O07049) effective August 21, 2025. The suspension is due to the exercise of a call option by the issuer.
Key Points
- Single NCD security affected: Prestige Projects Private Limited
- Symbol: 1175PPPL27
- ISIN: INE757O07049
- Suspension reason: Exercise of Call option
- Action taken under NSE Capital Market Trading Regulations Part A, Regulation 3.1.2
Regulatory Changes
No new regulatory changes introduced. This is a standard suspension procedure under existing NSE trading regulations.
Compliance Requirements
- All NSE members must cease trading in the specified NCD security
- Members should update their trading systems to reflect the suspension
- No new positions can be created in this security
Important Dates
- August 14, 2025: Circular issued
- August 21, 2025: Trading suspension effective date
Impact Assessment
Limited market impact as this affects only one NCD security. The suspension is due to a normal corporate action (call option exercise) rather than regulatory concerns. Investors holding these debentures will be subject to the call option terms as per the original issue documentation.
Impact Justification
Affects single NCD security with specific corporate action, limited market impact