Description
NSE suspends trading in non-convertible securities of Maithon Power Limited and LIC Housing Finance Limited from December 9, 2025, due to redemption.
Summary
The National Stock Exchange has issued a circular suspending trading in specific non-convertible securities (privately placed) of two companies effective December 9, 2025. The suspension applies to one ISIN each for Maithon Power Limited and LIC Housing Finance Limited, with redemption cited as the reason for suspension in both cases.
Key Points
- Two non-convertible securities to be suspended from trading on NSE Debt Market
- Suspension effective from December 9, 2025
- Action taken in pursuance of Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Both suspensions are due to redemption of the securities
- Applies only to privately placed non-convertible securities
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.
Compliance Requirements
No specific compliance requirements for members or investors. This is a notification of administrative action by the exchange.
Important Dates
- Circular Date: December 8, 2025
- Suspension Effective Date: December 9, 2025
Securities Affected
| Company Name | ISIN | Suspension Date | Reason |
|---|---|---|---|
| Maithon Power Limited | INE082G07071 | 09-Dec-25 | Redemption |
| LIC Housing Finance Limited | INE115A07NR2 | 09-Dec-25 | Redemption |
Impact Assessment
The impact is minimal and limited to holders of these specific debt securities. The suspension is a routine administrative action following the redemption of the non-convertible securities. No impact on equity trading or broader market operations. Investors holding these securities will receive redemption proceeds as per the terms of the instruments.
Impact Justification
Routine suspension due to redemption of debt securities affecting only specific NCDs of two companies. No broader market impact or investor action required.