Description
Trading suspension for two series of NCDs issued by Edelweiss Retail Finance Limited effective October 10, 2025, due to Scheme of Amalgamation.
Summary
NSE has suspended trading in two series of Non-Convertible Debentures (NCDs) issued by Edelweiss Retail Finance Limited, effective from October 10, 2025 (closing hours of October 9, 2025). The suspension is due to a Scheme of Amalgamation involving the company.
Key Points
- Two NCD series suspended: 888ERFL28 (ISIN: INE528S07110) and 925ERFL28 (ISIN: INE528S07128)
- Suspension reason: Scheme of Amalgamation
- Action taken under Regulation 3.1.2 of NSE (Capital Market) Trading Regulations Part A
- Circular issued by Listing Department, Ref No: NSE/CML/70737, Circular Ref. No: 1988/2025
Regulatory Changes
No new regulatory changes introduced. This is an application of existing regulations governing trading suspensions during corporate restructuring events.
Compliance Requirements
- All NSE members must comply with the trading suspension
- No trading permitted in the specified NCDs from October 10, 2025
- Members should update their systems to reflect the suspension status
Important Dates
- Circular Date: October 9, 2025
- Effective Date: October 10, 2025 (from closing hours of October 9, 2025)
- Trading Suspension Start: October 10, 2025
Impact Assessment
Market Impact: Limited to holders and traders of these two specific NCD series. The suspension prevents secondary market trading during the amalgamation process.
Investor Impact: NCD holders cannot trade these securities on the exchange until the suspension is lifted post-amalgamation completion. Investors should monitor further circulars regarding the scheme of amalgamation and potential resumption or delisting.
Operational Impact: Brokers and trading members need to update trading systems to block orders for these ISINs. The suspension is standard procedure during corporate restructuring to protect investor interests and ensure orderly markets during the transition period.
Impact Justification
Affects two NCD series of Edelweiss Retail Finance due to corporate restructuring; limited to specific debt securities and debenture holders