Description

NSE notifies the listing of 8 privately placed debt securities from 6 companies on the capital market segment, effective October 20, 2025.

Summary

National Stock Exchange has admitted 8 privately placed debt securities from 6 companies to dealings on the capital market segment with effect from October 20, 2025. The securities include non-convertible debentures from Bharti Telecom Limited (2 issues), Sammaan Capital Limited (2 issues), Akme Fintrade (India) Limited, Vedika Credit Capital Limited, Aditya Birla Capital Limited, and Alpha Alternatives Financial Services Private Limited.

Key Points

  • 8 debt securities admitted to trading on NSE capital market segment
  • Effective date: October 20, 2025
  • All securities have market lot size of 1
  • Coupon rates range from 7.35% to 12%, plus one market-linked security
  • Maturity dates range from April 2028 to October 2035
  • Trading will use designated security codes as specified in the annexure

Listed Securities Details

Bharti Telecom Limited

  • 735BTL27: 7.35% 2027 Sr XXV, maturity 15-Oct-2027, ISIN: INE403D08272
  • 745BTL28: 7.45% 2028 Sr XXVI, maturity 15-Dec-2028, ISIN: INE403D08280

Sammaan Capital Limited

  • 930SCL2035: 9.30% 2035 Sr I, maturity 16-Oct-2035, ISIN: INE148I07YE1
  • 915SCL30: 9.15% 2030 Sr II, maturity 16-Oct-2030, ISIN: INE148I07YF8

Akme Fintrade (India) Limited

  • 12AFIL28: 12% 2028, maturity 16-Apr-2028, ISIN: INE916Y07057

Vedika Credit Capital Limited

  • 12VCCL28: 12% 2028, maturity 16-Oct-2028, ISIN: INE04HY07344

Aditya Birla Capital Limited

  • 76100ABCL3: 7.6100% 2035 Sr F1, maturity 11-Sep-2035, ISIN: INE674K07127

Alpha Alternatives Financial Services Private Limited

  • AAFS30A: Market Linked CAR-H, maturity 26-Feb-2030, ISIN: INE0L6807252

Regulatory Framework

  • Listed pursuant to Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A
  • Lot sizes specified under Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A
  • Securities identified by designated codes for trading system purposes

Compliance Requirements

  • Trading members must use the designated security codes for trading these securities
  • Trading must be conducted in the specified market lot size of 1 for all securities
  • Standard capital market segment trading rules and regulations apply

Important Dates

  • Circular Date: October 17, 2025
  • Effective Date: October 20, 2025
  • Earliest Maturity: April 16, 2028 (Akme Fintrade)
  • Latest Maturity: October 16, 2035 (Sammaan Capital 9.30% issue)

Impact Assessment

This is a routine listing notification with minimal direct market impact. The listing provides liquidity options for holders of these privately placed debt securities. The securities are primarily from financial services and telecom sectors. The coupon rates reflect current market conditions, with NBFCs offering higher rates (9.15%-12%) compared to established entities like Bharti Telecom (7.35%-7.45%) and Aditya Birla Capital (7.61%). Market participants holding these securities can now trade them on the NSE platform starting October 20, 2025.

Impact Justification

Routine listing notification for privately placed debt securities with minimal market impact on secondary trading.