Description
NSE suspends trading in three Non-Convertible Debentures due to redemption effective August 25, 2025.
Summary
NSE has announced the suspension of trading in three Non-Convertible Debentures (Privately Placed) from L&T Finance Limited, Power Finance Corporation Limited, and State Bank Of India effective August 25, 2025, due to redemption.
Key Points
- Three Non-Convertible Debentures will be suspended from trading
- All suspensions are due to redemption of the instruments
- Suspension effective from August 25, 2025
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
Regulatory Changes
No new regulatory changes introduced. This is implementation of existing regulations for debt instrument redemption.
Compliance Requirements
- Members must cease trading in the specified debentures from the suspension date
- No specific compliance actions required beyond cessation of trading
Important Dates
- Suspension Date: August 25, 2025
- Circular Date: August 22, 2025
Impact Assessment
Limited market impact as this is a routine suspension due to natural redemption of debt instruments. Affects only holders and traders of these specific debentures. No broader market implications expected.
Impact Justification
Routine suspension due to redemption affecting specific debt instruments