Description
NSE suspends trading in Non-Convertible Debentures of Power Finance Corporation Limited, REC Limited, and Sammaan Capital Limited effective November 14, 2025 due to redemption.
Summary
The National Stock Exchange of India has issued a circular suspending trading in Non-Convertible Debentures (NCDs) of three companies effective November 14, 2025. The suspension applies to privately placed NCDs of Power Finance Corporation Limited, REC Limited, and Sammaan Capital Limited. The action is taken in pursuance of Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, with redemption cited as the reason for all three suspensions.
Key Points
- Three companies’ NCDs will be suspended from trading on NSE
- Suspension effective date: November 14, 2025
- All suspensions are due to redemption of the debt instruments
- Action taken under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2
- Circular reference number: 2214/2025
- Department: Listing
Regulatory Changes
No regulatory changes introduced. This circular implements existing regulations regarding suspension of trading in debt securities upon redemption.
Compliance Requirements
Members and market participants should note that trading in the specified NCDs will cease from the suspension date. No trading will be permitted in these securities after November 14, 2025.
Important Dates
- Circular Date: November 13, 2025
- Suspension Effective Date: November 14, 2025
Suspended Securities Details
| Sr. No. | Company Name | ISIN | Suspension Date | Reason |
|---|---|---|---|---|
| 1 | Power Finance Corporation Limited | INE134E08DI3 | 14-Nov-25 | Redemption |
| 2 | REC Limited | INE020B08ET5 | 14-Nov-25 | Redemption |
| 3 | Sammaan Capital Limited | INE148I07DL0 | 14-Nov-25 | Redemption |
Impact Assessment
The impact is limited to holders of these specific NCDs. This is a routine administrative action following the scheduled redemption of debt securities. The suspension ensures orderly market operations by preventing trading in securities that are being redeemed. There is no broader market impact expected, as this affects only three specific debt instruments that have reached their redemption date. Investors holding these NCDs will receive redemption proceeds as per the terms of the instruments.
Impact Justification
Routine suspension due to scheduled redemption of debt securities; affects only specific NCDs of three companies with no broader market implications