Description
NSE announces listing of five privately placed debt securities from Vedika Credit Capital, Power Finance Corporation, and SIDBI on capital market segment effective December 01, 2025.
Summary
NSE has notified the listing of five privately placed debt securities on the capital market segment effective December 01, 2025. The securities include three debentures from Vedika Credit Capital Limited with coupon rates ranging from 11% to 11.5%, one debenture from Power Finance Corporation Limited at 7.08%, and one debenture from Small Industries Development Bank of India at 6.74%. All securities will trade in market lots of 1 unit with designated security codes.
Key Points
- Five debt securities admitted to dealings on NSE Capital Market segment
- Effective date: December 01, 2025
- All securities have market lot size of 1 unit
- Securities will be identified by designated codes on trading system
- Circular issued pursuant to NSE Capital Market Trading Regulations Part A
Listed Securities Details
Vedika Credit Capital Limited:
- VCCL 11% 2027 Sr A (Symbol: 11VCCL27, ISIN: INE04HY07369, Maturity: 27-May-2027)
- VCCL 11.25% 2027 Sr B (Symbol: 1125VCCL27, ISIN: INE04HY07351, Maturity: 27-Nov-2027)
- VCCL 11.5% 2028 Sr C (Symbol: 115VCCL28, ISIN: INE04HY07377, Maturity: 27-May-2028)
Power Finance Corporation Limited:
- PFCL 7.08% 2035 Sr 255 (Symbol: 708PFCL35, ISIN: INE134E08NY9, Maturity: 27-Nov-2035)
Small Industries Development Bank of India:
- SIDBI 6.74% 2029 Sr II (Symbol: 674SIDBI29, ISIN: INE556F08LA4, Maturity: 10-Jan-2029)
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification under existing regulations.
Compliance Requirements
- Members must use designated security codes for trading these securities
- Trading must be conducted in specified lot sizes (1 unit for all listed securities)
- Compliance with Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A
Important Dates
- Circular Issue Date: November 28, 2025
- Effective Date: December 01, 2025
- Maturity Dates: Range from May 2027 to November 2035 depending on security
Impact Assessment
This circular has minimal market-wide impact as it pertains to routine listing of privately placed debt securities. The impact is limited to:
- Debt market participants and institutional investors trading these specific securities
- Increased debt instrument availability on NSE platform
- No impact on equity markets or broader trading operations
- Informational value for tracking corporate and NBFC debt issuances
Impact Justification
Routine listing notification for privately placed debt securities with limited market-wide impact, primarily informational for debt market participants