Description
NSE announces suspension of trading for four NCDs from Bharti Telecom, L&T Finance, Nuclear Power Corporation, and LIC Housing Finance effective November 13, 2025 due to redemption.
Summary
The National Stock Exchange has issued a circular announcing the suspension of trading for four Non-Convertible Debentures (NCDs) effective November 13, 2025. The suspension is implemented under Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, with redemption being the reason for all four suspensions.
Key Points
- Four NCDs from major issuers to be suspended from trading
- All suspensions effective from November 13, 2025
- Suspension reason: Redemption of the debt securities
- Issuers include Bharti Telecom Limited, L&T Finance Limited, Nuclear Power Corporation of India Limited, and LIC Housing Finance Limited
- Action taken in accordance with NSE Debt Market Trading Regulations
Affected Securities
| Company | ISIN | Suspension Date | Reason |
|---|---|---|---|
| Bharti Telecom Limited | INE403D08157 | 13-Nov-2025 | Redemption |
| L&T Finance Limited | INE027E07CA0 | 13-Nov-2025 | Redemption |
| Nuclear Power Corporation of India Limited | INE206D08212 | 13-Nov-2025 | Redemption |
| LIC Housing Finance Limited | INE115A07QD5 | 13-Nov-2025 | Redemption |
Regulatory Changes
No new regulatory changes introduced. This circular implements existing provisions under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A for suspension of debt securities upon redemption.
Compliance Requirements
- Members must cease trading in the specified ISINs from the suspension date
- All trading systems and records should be updated to reflect the suspension status
- Members should inform clients holding or trading these securities about the suspension
Important Dates
- Circular Issue Date: November 12, 2025
- Effective Date: November 13, 2025 (suspension date for all four NCDs)
Impact Assessment
Market Impact: Minimal. This is a routine administrative action related to the normal lifecycle of debt securities. Redemption-based suspensions are expected events for NCDs reaching maturity.
Operational Impact: Low. Trading members need to update their systems to prevent trading in these specific ISINs. Investors holding these securities will receive redemption proceeds as per the terms of the debentures.
Investor Impact: Neutral to positive for debenture holders who will receive their principal and final interest payments upon redemption. No action required from investors as redemption is typically handled automatically through the depository system.
Impact Justification
Routine administrative action for debt securities reaching maturity; standard redemption process with no broader market implications