Description
NSE suspends trading in Non-Convertible Debentures of Bharti Telecom Limited and NIIF Infrastructure Finance Limited effective November 12, 2025 due to redemption.
Summary
National Stock Exchange of India has announced the suspension of trading in Non-Convertible Debentures (Privately Placed) of two companies effective November 12, 2025. The suspension is pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A and is being implemented due to the redemption of these instruments.
Key Points
- Two Non-Convertible Debentures (NCDs) will be suspended from trading
- Suspension effective date: November 12, 2025
- Both suspensions are due to redemption of the debentures
- Action taken under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2
- Circular reference number: 2183/2025
- NSE reference number: NSE/CML/71232
Affected Securities
1. Bharti Telecom Limited
- ISIN: INE403D08181
- Suspension Date: November 12, 2025
- Reason: Redemption
2. NIIF Infrastructure Finance Limited
- ISIN: INE246R07459
- Suspension Date: November 12, 2025
- Reason: Redemption
Regulatory Changes
No new regulatory changes introduced. This circular implements existing regulations under NSE Debt Market (Trading) Regulations Part A, Regulation 3.1.2, which govern the suspension of debt securities.
Compliance Requirements
- Market participants should note that trading in the specified ISINs will be suspended from November 12, 2025
- Members must ensure their systems reflect the suspension status
- No further trading will be permitted in these instruments post-suspension date
Important Dates
- Circular Date: November 11, 2025
- Suspension Effective Date: November 12, 2025
Impact Assessment
Market Impact: Low - These are privately placed Non-Convertible Debentures with limited secondary market trading activity. The suspension is part of the normal lifecycle of debt instruments approaching redemption.
Investor Impact: Minimal - Suspension due to redemption means investors will receive their principal and final interest payments as per the terms of the debentures. No adverse impact on bondholders.
Operational Impact: Routine - Standard suspension procedure for maturing debt securities. Market participants are accustomed to such suspensions as part of regular debt market operations.
Impact Justification
Routine suspension of privately placed NCDs due to scheduled redemption. Limited market impact as these are privately placed instruments with restricted trading.