Description

NSE suspends trading in non-convertible securities of Indian Bank and REC Limited effective December 5, 2025 due to redemption.

Summary

National Stock Exchange has announced the suspension of trading in non-convertible securities of Indian Bank (ISIN: INE428A08044) and REC Limited (ISIN: INE020B08DF6) effective December 5, 2025. The suspension is pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A and is due to the redemption of these securities.

Key Points

  • Two non-convertible securities to be suspended from trading on NSE Debt Market
  • Indian Bank security (ISIN: INE428A08044) suspended effective December 5, 2025
  • REC Limited security (ISIN: INE020B08DF6) suspended effective December 5, 2025
  • Reason for suspension: Redemption of securities
  • Circular issued by Listing Department
  • NSE Circular Reference: 2350/2025, NSE/CML/71629

Regulatory Changes

No new regulatory changes. This action is taken in pursuance of existing Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs suspension of debt securities.

Compliance Requirements

  • Members must cease trading in the specified ISINs from the suspension date
  • No new orders to be accepted for these securities from December 5, 2025
  • Investors holding these securities should note the redemption process

Important Dates

  • Circular Date: December 4, 2025
  • Suspension Effective Date: December 5, 2025

Impact Assessment

The impact is limited to holders of these specific non-convertible debt securities. This is a routine suspension due to scheduled redemption and does not affect the equity shares of Indian Bank or REC Limited. Investors in these debt instruments will receive redemption proceeds as per the terms of the securities. No broader market disruption is expected as this is part of the normal debt security lifecycle.

Impact Justification

Routine suspension for debt securities redemption affecting two specific ISINs; limited market impact as this is part of normal debt security lifecycle