Description

NSE lists three privately placed debt securities from Alpha Alternatives Financial Services and Sammaan Capital Limited effective December 11, 2025.

Summary

NSE has admitted three privately placed debt securities to trading on the Capital Market segment effective December 11, 2025. The securities include one market-linked debenture from Alpha Alternatives Financial Services Private Limited maturing in 2030, and two fixed-coupon debentures from Sammaan Capital Limited with coupon rates of 8.86% and 8.79% respectively, both maturing in December 2030. All securities will trade with a market lot size of 1.

Key Points

  • Three debt securities listed on NSE Capital Market segment
  • Alpha Alternatives Financial Services: AAFS Market Linked 2030 (Symbol: AAFS30B, ISIN: INE0L6807260)
  • Sammaan Capital Limited: 8.8570% 2030 Series II (Symbol: 886SCL30, ISIN: INE148I07YH4)
  • Sammaan Capital Limited: 8.7923% 2030 Series I (Symbol: 879SCL30, ISIN: INE148I07YI2)
  • All securities have market lot size of 1
  • Trading designation follows NSE Capital Market Trading Regulations Part A

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulations under Regulation 3.1.1 and 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A for admission of securities to trading.

Compliance Requirements

  • Securities must be identified by designated codes for trading purposes
  • Trading must be conducted in specified lot sizes (1 unit for all three securities)
  • Members must update their systems to recognize new security codes and symbols
  • Trading parameters effective from December 11, 2025

Important Dates

  • Circular Date: December 10, 2025
  • Effective Date: December 11, 2025 (trading commencement)
  • Maturity Dates:
    • AAFS30B: July 23, 2030
    • 886SCL30: December 9, 2030
    • 879SCL30: December 9, 2030

Impact Assessment

Minimal market-wide impact. This is a routine administrative circular for listing privately placed debt securities. The impact is limited to:

  • Issuers: Provides liquidity platform for Alpha Alternatives and Sammaan Capital debt instruments
  • Debt Market Participants: Additional trading opportunities in corporate debt segment
  • Market Infrastructure: Systems update required to accommodate new security codes
  • Investors: Enhanced secondary market access for holders of these privately placed securities

The fixed coupon rates (8.86% and 8.79%) reflect prevailing market conditions for corporate debt with 5-year maturity profiles.

Impact Justification

Routine listing of three debt securities with limited market-wide impact, relevant primarily to debt market participants and specific issuers.