Description

NSE suspends trading in 4 non-convertible debt securities from January 16, 2026 due to redemption and call option exercise.

Summary

The National Stock Exchange of India has issued a circular announcing the suspension of trading in four Non-Convertible Securities (Privately Placed) effective January 16, 2026. The suspensions are being implemented under Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, with reasons including scheduled redemptions and call option exercise.

Key Points

  • Four debt securities will be suspended from trading on NSE Debt Market
  • Suspension date: January 16, 2026
  • All securities are privately placed non-convertible instruments
  • Suspensions are due to redemption and call option exercise
  • Circular issued by NSE Listing Department

Affected Securities

  1. Rajasthan Rajya Vidyut Prasaran Nigam Limited (ISIN: INE572F11265) - Redemption
  2. Tata Capital Limited (ISIN: INE306N08128) - Redemption for exercising call option
  3. Sundaram Home Finance Limited (ISIN: INE667F07IJ8) - Redemption
  4. REC Limited (ISIN: INE020B08DK6) - Redemption

Regulatory Changes

No new regulatory changes introduced. This circular is an implementation of existing Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.

Compliance Requirements

  • Trading members must cease trading in the specified ISINs from the suspension date
  • Market participants holding these securities should be aware of the trading suspension
  • Issuers will proceed with redemption processes as per terms of issuance

Important Dates

  • Circular Date: January 14, 2026
  • Suspension Effective Date: January 16, 2026

Impact Assessment

The suspension has limited market-wide impact as it affects only four privately placed debt securities undergoing scheduled corporate actions. This is a routine administrative action in the debt market segment. Investors holding these securities will receive redemption proceeds as per the terms of issuance. No disruption to broader debt market operations is expected.

Impact Justification

Routine suspension affecting 4 debt securities due to scheduled redemptions and call option exercise. Limited impact on broader market operations.