Description
NSE suspends trading in non-convertible securities of Aditya Birla Capital Limited and NLC India Limited effective January 28, 2026 due to redemption.
Summary
The National Stock Exchange of India has issued a circular suspending trading in specific non-convertible securities (privately placed) of two companies effective January 28, 2026. This action is taken in pursuance of Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, with redemption cited as the reason for suspension.
Key Points
- Two non-convertible securities will be suspended from trading on NSE Debt Market
- Suspension effective date: January 28, 2026
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Reason for suspension: Redemption of securities
- Circular issued by Listing Department on January 27, 2026
Suspended Securities Details
1. Aditya Birla Capital Limited
- ISIN: INE860H07IH9
- Suspension Date: January 28, 2026
- Reason: Redemption
2. NLC India Limited
- ISIN: INE589A08035
- Suspension Date: January 28, 2026
- Reason: Redemption
Regulatory Changes
No new regulatory changes introduced. This circular implements existing regulations under NSE Debt Market (Trading) Regulations Part A, Regulation 3.1.2 regarding suspension of securities upon redemption.
Compliance Requirements
- Members must cease trading in the specified ISINs from January 28, 2026
- No new positions can be created in these securities post-suspension
- Existing positions should be settled as per standard settlement procedures before suspension date
Important Dates
- Circular Issue Date: January 27, 2026
- Suspension Effective Date: January 28, 2026
- Circular Reference: 0131/2026
- Download Reference: NSE/CML/72491
Impact Assessment
Market Impact: Limited to debt market participants holding these specific ISINs. Since the suspension is due to scheduled redemption, investors will receive their principal and applicable interest as per the terms of the securities.
Investor Impact: Holders of these privately placed non-convertible securities should ensure they have the necessary details for redemption proceeds. No trading opportunity exists post-suspension.
Operational Impact: Minimal operational impact as this is a routine administrative action for securities reaching maturity/redemption.
Impact Justification
Affects debt securities of two companies due to scheduled redemption; limited impact on equity markets but relevant for debt investors