Description
NSE suspends trading in six non-convertible securities from Power Grid Corporation, SMFG India Home Finance, and TMF Holdings Limited due to redemption, effective December 11, 2025.
Summary
The National Stock Exchange of India has issued a circular notifying the suspension of trading in six non-convertible securities (privately placed) from three companies, effective December 11, 2025. The suspensions are being implemented under Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, with all suspensions occurring due to the redemption of these securities.
Key Points
- Six non-convertible securities will be suspended from trading effective December 11, 2025
- All suspensions are due to redemption of the securities
- The circular is issued under NSE Debt Market (Trading) Regulations Part A, Regulation 3.1.2
- Companies affected: Power Grid Corporation of India Limited (1 security), SMFG India Home Finance Company Limited (1 security), and TMF Holdings Limited (4 securities)
- Circular reference number: 2396/2025, NSE/CML/71723
Securities Affected
Power Grid Corporation of India Limited
- ISIN: INE752E07JL5
- Suspension Date: December 11, 2025
- Reason: Redemption
SMFG India Home Finance Company Limited
- ISIN: INE213W07228
- Suspension Date: December 11, 2025
- Reason: Redemption
TMF Holdings Limited
ISIN: INE909H08345
Suspension Date: December 11, 2025
Reason: Redemption
ISIN: INE909H08303
Suspension Date: December 11, 2025
Reason: Redemption
ISIN: INE909H08295
Suspension Date: December 11, 2025
Reason: Redemption
ISIN: INE909H08329
Suspension Date: December 11, 2025
Reason: Redemption
Regulatory Changes
No new regulatory changes are introduced. This circular implements existing provisions under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A for suspension of trading in securities being redeemed.
Compliance Requirements
- All NSE members are notified of these suspensions
- Trading in the listed securities must cease from the suspension date
- No action required from members beyond awareness and system updates to reflect trading suspension
Important Dates
- Circular Issue Date: December 10, 2025
- Suspension Effective Date: December 11, 2025 (for all six securities)
Impact Assessment
Market Impact: Minimal. This is a routine administrative action affecting privately placed debt securities that are being redeemed. The suspension is procedural and expected as part of the normal lifecycle of these fixed-income instruments.
Investor Impact: Low. Investors holding these securities will receive redemption proceeds as per the terms of the securities. Trading suspension is standard practice for securities approaching redemption.
Operational Impact: Minimal operational impact on brokers and market participants, requiring only system updates to reflect the suspension status of these ISINs.
Impact Justification
Routine suspension of debt securities due to scheduled redemption. Affects only privately placed non-convertible securities with no broader market impact.