Description

NSE announces suspension of trading for three non-convertible securities effective December 30, 2025 due to redemption.

Summary

NSE has announced the suspension of trading for three Non-Convertible Securities (Privately Placed) effective December 30, 2025. The suspension is being implemented in pursuance of Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A. All three securities are being suspended due to redemption.

Key Points

  • Three non-convertible securities will be suspended from trading on December 30, 2025
  • Suspension applies to debt instruments from Rajasthan Rajya Vidyut Prasaran Nigam Limited (ISIN: INE572F11174)
  • Cholamandalam Investment and Finance Company Limited (ISIN: INE121A07QR3) securities also suspended
  • Power Finance Corporation Limited (ISIN: INE134E08LZ0) securities included in suspension
  • All suspensions are due to redemption of the securities
  • Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A

Regulatory Changes

No new regulatory changes introduced. This circular implements existing regulations governing the suspension of debt securities upon redemption.

Compliance Requirements

  • Members should note the suspension of trading in the specified ISINs effective December 30, 2025
  • No new positions or trades should be executed in these securities from the suspension date
  • Existing positions should be settled according to standard settlement procedures

Important Dates

  • Circular Date: December 29, 2025
  • Suspension Effective Date: December 30, 2025 (for all three securities)
  • Circular Reference: NSE/CML/72029, Circular Ref. No: 2526/2025

Impact Assessment

Minimal market impact expected as this is a routine administrative action for privately placed debt securities reaching redemption. The suspension affects only holders of these specific NCDs who would have been anticipating redemption. No impact on equity markets or broader debt market operations. The affected issuers are well-established entities (state power transmission company, NBFC, and power finance corporation), and the redemptions represent normal maturity events rather than distress situations.

Impact Justification

Routine administrative action for debt securities reaching maturity. Affects only specific privately placed NCDs with scheduled redemptions. No impact on equity markets or broader trading operations.