Description

NSE suspends trading in four non-convertible securities from January 8, 2026 due to redemption of debt instruments issued by Samvardhana Motherson, Nuclear Power Corporation, Indian Oil Corporation, and NTPC Limited.

Summary

The National Stock Exchange of India has announced the suspension of trading in four Non-Convertible Securities (Privately Placed) effective January 8, 2026. The suspensions are implemented in accordance with Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A and are attributed to the redemption of these debt instruments.

Key Points

  • Four non-convertible securities will be suspended from trading on NSE Debt Market
  • All suspensions take effect from January 8, 2026
  • Reason for suspension: Redemption of debt securities
  • Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
  • Affects privately placed debt securities of major public sector and private companies

Securities Affected

1. Samvardhana Motherson International Limited

  • ISIN: INE775A08089
  • Suspension Date: January 8, 2026
  • Reason: Redemption

2. Nuclear Power Corporation of India Limited

  • ISIN: INE206D08188
  • Suspension Date: January 8, 2026
  • Reason: Redemption

3. Indian Oil Corporation Limited

  • ISIN: INE242A08494
  • Suspension Date: January 8, 2026
  • Reason: Redemption

4. NTPC Limited

  • ISIN: INE733E07HB0
  • Suspension Date: January 8, 2026
  • Reason: Redemption

Regulatory Changes

No regulatory changes are introduced by this circular. This is a routine notification implementing existing regulations governing debt market trading on NSE.

Compliance Requirements

  • Trading Members: Must cease trading in the specified ISINs from January 8, 2026
  • Market Participants: Should note that these securities will no longer be available for trading on the NSE Debt Market platform
  • Existing Holders: Redemption proceeds will be processed as per the terms of the respective debt instruments

Important Dates

  • Circular Date: January 7, 2026
  • Suspension Effective Date: January 8, 2026

Impact Assessment

Market Impact: Minimal. This is a routine administrative action affecting privately placed debt securities that have reached their scheduled redemption date. The suspension is a natural consequence of the debt lifecycle rather than any credit or regulatory concern.

Investor Impact: Low. Holders of these securities will receive redemption proceeds as per the original terms of issuance. No trading activity is expected close to redemption dates for such instruments.

Operational Impact: Standard operational procedures for debt security redemption. Market infrastructure will remove these ISINs from the trading system as scheduled.

Impact Justification

Routine administrative action for debt securities reaching maturity. Suspensions are due to scheduled redemption, not regulatory concerns. Limited impact as these are privately placed debt instruments with restricted trading.