Description

NSE suspends trading in non-convertible securities of LIC Housing Finance Limited and Citicorp Finance (India) Limited effective February 11, 2026 due to redemption.

Summary

NSE has announced the suspension of trading in two non-convertible securities (privately placed) effective February 11, 2026. The suspension applies to securities issued by LIC Housing Finance Limited (ISIN: INE115A07IW2) due to redemption, and Citicorp Finance (India) Limited (ISIN: INE915D07P16) due to redemption following the exercising of a call option. This action is taken pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.

Key Points

  • Two non-convertible securities will be suspended from trading on NSE’s debt market segment
  • Suspension effective from February 11, 2026
  • LIC Housing Finance Limited security (INE115A07IW2) suspended due to redemption
  • Citicorp Finance (India) Limited security (INE915D07P16) suspended due to redemption following call option exercise
  • 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 regarding suspension of debt securities upon redemption or call option exercise.

Compliance Requirements

  • Members must cease trading in the specified ISINs from February 11, 2026
  • Market participants holding these securities should note the suspension and plan accordingly for redemption procedures
  • No trading activity permitted in these securities post-suspension date

Important Dates

  • Circular Date: February 10, 2026
  • Suspension Effective Date: February 11, 2026

Impact Assessment

The impact is limited to holders and traders of these specific privately placed non-convertible securities. This is a routine administrative action following the normal lifecycle of debt instruments. The suspension affects only the debt market segment and does not impact equity trading of LIC Housing Finance Limited. Market-wide impact is minimal as this involves only two specific debt ISINs reaching maturity/redemption. Investors holding these securities will follow standard redemption procedures as per the terms of the instruments.

Impact Justification

Routine suspension of debt securities due to redemption/call option exercise. Affects only specific privately placed non-convertible securities, not equity trading. Limited market-wide impact.