Description

NSE admits 11 privately placed debt securities to dealings on the Capital Market segment effective March 04, 2026, including 10 NHPC structured debentures and one Alpha Alternatives market-linked security.

Summary

NSE has notified the listing of 11 privately placed securities on the Capital Market segment effective March 04, 2026, pursuant to Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A. The securities include 10 structured debentures issued by NHPC Limited (all carrying a 7.29% coupon rate under a STRPP structure) and one market-linked security issued by Alpha Alternatives Financial Services Private Limited.

Key Points

  • 11 privately placed securities admitted to dealings on NSE Capital Market segment from March 04, 2026
  • All securities listed under Series N0 with a market lot size of 1
  • 10 NHPC debentures form a structured pass-through payment (STRPP) series (STRPP A through STRPP J) maturing annually from 2032 to 2041
  • All NHPC securities carry a uniform coupon rate of 7.29%
  • Alpha Alternatives Financial Services Private Limited listing (AAFS30D) is a market-linked instrument maturing November 26, 2030, with no fixed coupon rate
  • Trading in these securities must use designated security codes only, in specified lot sizes

Regulatory Changes

No new regulatory changes introduced. This circular is a standard notification under existing Regulation 3.1.1 and Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • All NSE members must use the designated security codes (symbols) when trading these securities
  • Trading must be conducted in the specified lot sizes (market lot of 1 for all listed securities)
  • No additional compliance obligations for general market participants

Important Dates

  • Circular Date: March 02, 2026
  • Effective Date for Trading: March 04, 2026
  • NHPC STRPP A Maturity: February 27, 2032 (ISIN: INE848E08383)
  • NHPC STRPP B Maturity: February 25, 2033 (ISIN: INE848E08391)
  • NHPC STRPP C Maturity: February 27, 2034 (ISIN: INE848E08409)
  • NHPC STRPP D Maturity: February 27, 2035 (ISIN: INE848E08417)
  • NHPC STRPP E Maturity: February 27, 2036 (ISIN: INE848E08425)
  • NHPC STRPP F Maturity: February 27, 2037 (ISIN: INE848E08433)
  • NHPC STRPP G Maturity: February 26, 2038 (ISIN: INE848E08441)
  • NHPC STRPP H Maturity: February 25, 2039 (ISIN: INE848E08458)
  • NHPC STRPP I Maturity: February 27, 2040 (ISIN: INE848E08466)
  • NHPC STRPP J Maturity: February 27, 2041 (ISIN: INE848E08474)
  • Alpha Alternatives AAFS30D Maturity: November 26, 2030 (ISIN: INE0L6807286)

Impact Assessment

This is a routine listing notification with minimal market impact. The NHPC STRPP series represents a structured debt offering with staggered maturities from 2032 to 2041, providing institutional investors with long-duration fixed-income options at a 7.29% coupon. The Alpha Alternatives market-linked instrument offers an alternative return profile. These securities are primarily relevant to institutional and high-net-worth debt investors. No impact on equity trading or general market operations.

Impact Justification

Routine admission of privately placed debt securities to NSE capital market segment; no regulatory changes or compliance obligations for general market participants.