Description
NSE suspends trading in non-convertible securities of three companies effective December 12, 2025 due to redemption.
Summary
National Stock Exchange has announced the suspension of trading in non-convertible securities (privately placed) of three companies effective December 12, 2025. The suspension is being implemented pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, with redemption being the reason for suspension in all three cases.
Key Points
- Three companies’ non-convertible securities will be suspended from trading
- Suspension effective date: December 12, 2025
- All suspensions are due to redemption of the securities
- Action taken under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2
- Circular reference number: 2417/2025
Affected Securities
1. Mangalore Refinery and Petrochemicals Limited
- ISIN: INE103A08043
- Suspension Date: December 12, 2025
- Reason: Redemption
2. Trust Investment Advisors Private Limited
- ISIN: INE723X07158
- Suspension Date: December 12, 2025
- Reason: Redemption
3. IDFC First Bank Limited
- ISIN: INE688I08129
- Suspension Date: December 12, 2025
- Reason: Redemption
Regulatory Framework
This suspension is implemented under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the trading of debt securities on the exchange.
Compliance Requirements
- Trading members must cease trading in the specified ISINs from December 12, 2025
- Members should update their systems to reflect the suspension status
- Investors holding these securities should note that trading will not be available post-suspension date
Important Dates
- Circular Date: December 11, 2025
- Suspension Effective Date: December 12, 2025
Impact Assessment
This is a routine administrative action with minimal market impact. The suspensions are due to scheduled redemptions, which is a normal part of the debt securities lifecycle. Only holders of these specific privately placed non-convertible securities are affected. The securities will be redeemed as per their terms, and investors will receive their principal and applicable interest payments according to the redemption schedule. No broader market implications are expected.
Impact Justification
Routine suspension due to scheduled redemption of debt securities affecting only specific debenture holders