Description
NSE suspends trading in four non-convertible securities of Bank of India, Rajasthan Rajya Vidyut Prasaran Nigam Limited, Canara Bank, and REC Limited effective December 16, 2025 due to redemption.
Summary
National Stock Exchange has announced the suspension of trading in four non-convertible securities (privately placed) effective December 16, 2025. The suspension affects debt instruments issued by Bank of India, Rajasthan Rajya Vidyut Prasaran Nigam Limited, Canara Bank, and REC Limited. All suspensions are due to redemption of the securities.
Key Points
- Four non-convertible securities will be suspended from trading on NSE Debt Market
- Suspension effective date: December 16, 2025
- All suspensions are due to redemption of the securities
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Circular Reference Number: 2438/2025
- NSE Reference Number: NSE/CML/71808
Suspended Securities Details
1. Bank of India
- ISIN: INE084A08060
- Suspension Date: December 16, 2025
- Reason: Redemption
2. Rajasthan Rajya Vidyut Prasaran Nigam Limited
- ISIN: INE572F11075
- Suspension Date: December 16, 2025
- Reason: Redemption
3. Canara Bank
- ISIN: INE476A09264
- Suspension Date: December 16, 2025
- Reason: Redemption
4. REC Limited
- ISIN: INE020B08DH2
- Suspension Date: December 16, 2025
- Reason: Redemption
Regulatory Framework
This suspension is issued in pursuance of Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the trading operations and suspension mechanisms for debt securities on the exchange.
Compliance Requirements
- All NSE members must note the suspension of these securities
- No trading will be permitted in these ISINs from December 16, 2025
- Members should update their systems to reflect the suspension status
Important Dates
- Circular Date: December 15, 2025
- Suspension Effective Date: December 16, 2025
Impact Assessment
This is a routine administrative action with minimal market impact. The suspensions are due to scheduled redemption of debt securities, which is a normal part of the debt instrument lifecycle. Investors holding these securities will receive their redemption proceeds as per the terms of the instruments. The suspension only affects trading in these specific ISINs and does not impact the equity shares or other securities of these companies.
Impact Justification
Routine suspension of debt securities due to scheduled redemption. Affects only specific ISINs of debt instruments, not equity trading. Limited market impact as this is part of normal debt lifecycle.