Description
NSE suspends trading in four privately placed non-convertible securities effective April 10, 2026, due to redemption of bonds issued by Power Grid Corporation, Alpha Alternatives Financial Services, LIC Housing Finance, and Canara Bank.
Summary
NSE has notified the suspension of trading in four privately placed Non-Convertible Securities (NCS) with effect from April 10, 2026, under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A. All suspensions are due to redemption of the respective securities.
Key Points
- Four non-convertible securities will be suspended from trading on April 10, 2026
- All suspensions are triggered by redemption of the respective instruments
- Circular issued under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2
- Ref No: NSE/CML/73683 | Circular Ref: 0603/2026
Suspended Securities
| Sr. No. | Company | ISIN | Suspension Date | Reason |
|---|---|---|---|---|
| 1 | Power Grid Corporation of India Limited | INE752E07NS2 | 10-Apr-2026 | Redemption |
| 2 | Alpha Alternatives Financial Services Private Limited | INE0L6807062 | 10-Apr-2026 | Redemption |
| 3 | LIC Housing Finance Limited | INE115A07JI9 | 10-Apr-2026 | Redemption |
| 4 | Canara Bank | INE476A08050 | 10-Apr-2026 | Redemption |
Regulatory Changes
No new regulatory changes. This circular is an operational notification issued in pursuance of existing Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A.
Compliance Requirements
- NSE members must ensure no trades are executed in the above ISINs on or after April 10, 2026
- Members dealing in debt market instruments should update their systems to reflect the suspension
- Holders of these securities should note the redemption dates and coordinate with their depositories
Important Dates
- April 09, 2026: Circular issued
- April 10, 2026: Trading suspension effective for all four securities (INE752E07NS2, INE0L6807062, INE115A07JI9, INE476A08050)
Impact Assessment
This is a routine administrative action with limited market impact. The suspensions are driven by scheduled redemptions, meaning the securities are maturing and will cease to exist as tradeable instruments. Investors holding these bonds will receive redemption proceeds as per the terms of each instrument. No adverse credit or market event is indicated. Impact is confined to holders of these specific debt securities and members active in NSE’s debt segment.
Impact Justification
Routine redemption-driven trading suspensions affecting four debt securities across major public sector and financial entities; no systemic risk but relevant to NCS holders.