Description
NSE suspends trading in two series of Non-Convertible Debentures issued by CreditAccess Grameen Limited effective October 31, 2025 due to maturity.
Summary
The National Stock Exchange of India has issued a circular announcing the suspension of trading in two series of Non-Convertible Debentures (NCDs) issued by CreditAccess Grameen Limited. The suspension is scheduled to take effect from October 31, 2025, and is being implemented in accordance with NSE Capital Market Trading Regulations Part A, Regulation 3.1.2. The suspension is due to the maturity of these debt securities.
Key Points
- Two NCD series of CreditAccess Grameen Limited will be suspended from trading
- Symbol 960CAGL25 with ISIN INE741K07470 - suspended due to maturity
- Symbol CAGL25A with ISIN INE741K07488 - suspended due to maturity
- Action taken under NSE Capital Market Trading Regulations Part A, Regulation 3.1.2
- Circular issued by Ruchi Jaiswal, Manager, Listing Department
- Circular Reference Number: 2104/2025
- Download Reference Number: NSE/CML/71016
Regulatory Changes
No new regulatory changes introduced. This circular implements existing NSE Capital Market Trading Regulations Part A, Regulation 3.1.2, which governs the suspension of securities from trading on the exchange.
Compliance Requirements
- All NSE members must note the suspension of these two NCD series
- Trading in the specified NCDs (960CAGL25 and CAGL25A) must cease from the effective date
- No specific action required from CreditAccess Grameen Limited beyond standard maturity procedures
- Clearing and settlement of any outstanding trades in these securities must be completed as per standard settlement cycles before the suspension date
Important Dates
- October 29, 2025: Circular issue date
- October 31, 2025: Effective date of trading suspension for both NCD series
Impact Assessment
Market Impact: Minimal. This is a routine administrative action following the natural maturity of debt instruments. The suspension affects only the specific NCD holders and does not impact the company’s equity shares or other listed securities.
Investor Impact: Limited to holders of these specific NCDs who will receive their principal and final interest payments as per the original terms. No secondary market trading will be available after October 31, 2025.
Operational Impact: Standard operational procedure for exchange members. The suspension removes liquidity for these instruments, but this is expected behavior at maturity. CreditAccess Grameen Limited will process redemptions through normal maturity procedures with registrars and transfer agents.
Impact Justification
Routine suspension due to maturity of debt instruments. Limited impact as this is a standard end-of-life event for NCDs. Affects only specific debenture holders, not equity investors.