Description
NSE suspends trading in three non-convertible debentures from December 22, 2025 due to redemption and call option exercise.
Summary
NSE has announced the suspension of trading in three Non-Convertible Securities (Privately Placed) effective December 22, 2025. The suspensions are due to scheduled redemptions and exercise of call options. The circular is issued under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.
Key Points
- Three debt securities will be suspended from trading on December 22, 2025
- Muthoot Finance Limited (ISIN: INE414G07HI7) - suspended due to redemption
- Tata Capital Limited (ISIN: INE306N08110) - suspended for exercising call option
- IDFC First Bank Limited (ISIN: INE092T08626) - suspended due to redemption
- All securities are privately placed non-convertible instruments
Regulatory Changes
No new regulatory changes. This circular is issued in pursuance of existing Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A.
Compliance Requirements
- Members must cease trading in the specified ISINs from December 22, 2025
- Market participants holding these securities should be aware of the suspension for settlement purposes
- No new positions can be created in these securities after the suspension date
Important Dates
- Circular Date: December 19, 2025
- Suspension Effective Date: December 22, 2025
Impact Assessment
The suspension affects debt market participants holding or trading these three non-convertible securities. Impact is limited to specific debt instruments and does not affect equity trading. Investors in these securities will proceed to redemption as per the original terms. The suspension is routine administrative action following scheduled corporate actions.
Impact Justification
Routine suspension of debt securities due to scheduled redemption affecting debt market investors in three issuers