Description
NSE announces listing of privately placed debt securities from Phoenix Arc Private Limited and Akme Fintrade (India) Limited on capital market segment with effect from December 26, 2025.
Summary
NSE has admitted five privately placed debt securities to trading on the capital market segment with effect from December 26, 2025. The securities include four tranches from Phoenix Arc Private Limited (8.95% coupon) maturing between December 2027 and March 2028, and one tranche from Akme Fintrade (India) Limited (11.50% coupon) maturing in December 2028. All securities will trade with a market lot size of 1.
Key Points
- Five new debt securities admitted to NSE capital market segment
- Four tranches from Phoenix Arc Private Limited with 8.95% coupon rate
- One tranche from Akme Fintrade (India) Limited with 11.50% coupon rate
- All securities have market lot size of 1
- Trading commences December 26, 2025
- Securities listed pursuant to Regulation 3.1.1 of NSE Capital Market Trading Regulations Part A
Securities Details
Phoenix Arc Private Limited:
- 895PAPL27 (Series N0): 8.95% 2027 Sr I, Maturity: December 23, 2027, ISIN: INE163K07139
- 895PAPL28 (Series N0): 8.95% 2028 II, Maturity: March 23, 2028, ISIN: INE163K07147
- 895PAPL28A (Series N0): 8.95% 2028 Sr III, Maturity: December 23, 2027, ISIN: INE163K07154
- 895PAPL28B (Series N0): 8.95% 2028 Sr IV, Maturity: December 23, 2027, ISIN: INE163K07162
Akme Fintrade (India) Limited:
- 1150AFIL28 (Series N0): 11.50% 2028 Sr 05, Maturity: December 22, 2028, ISIN: INE916Y07065
Regulatory Changes
No regulatory changes. This is a standard listing notification under existing NSE Capital Market Trading Regulations Part A (Regulations 3.1.1 and 2.5.5).
Compliance Requirements
- Members must use designated security codes for trading these securities on the system
- Trading must be conducted in specified lot sizes (1 unit for all listed securities)
- Securities can only be identified by their designated codes on the trading platform
Important Dates
- Circular Date: December 24, 2025
- Effective Date: December 26, 2025 (trading commences)
- Maturity Dates:
- Phoenix Arc securities: December 23, 2027 (3 tranches), March 23, 2028 (1 tranche)
- Akme Fintrade: December 22, 2028
Impact Assessment
This circular has minimal market-wide impact as it pertains to privately placed debt securities that are typically held by institutional investors. The listing provides liquidity options for existing bondholders but does not affect equity markets or retail investors. The addition of these securities expands the debt market offerings on NSE but represents routine administrative listing activity.
Impact Justification
Routine listing of privately placed debt securities with limited market-wide impact, affecting only specific institutional investors in these bonds