Description
NSE suspends trading in non-convertible securities (ISIN: INE017A08235) of The Great Eastern Shipping Company Limited effective April 21, 2026, due to redemption.
Summary
NSE has notified the suspension of trading in a privately placed Non-Convertible Security issued by The Great Eastern Shipping Company Limited (ISIN: INE017A08235) on the NSE Debt Market segment, effective April 21, 2026. The suspension is triggered by the redemption of the security.
Key Points
- Trading in ISIN INE017A08235 (The Great Eastern Shipping Company Limited) will be suspended from April 21, 2026
- Suspension reason: Redemption of the non-convertible security
- Circular issued under Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A
- Applicable to all NSE members
Regulatory Changes
No new regulatory changes introduced. The suspension is issued in pursuance of existing Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs suspension of trading in debt securities upon redemption or other qualifying events.
Compliance Requirements
- All NSE members must cease trading in ISIN INE017A08235 with effect from April 21, 2026
- Members should update their systems and notify relevant clients holding this security about the suspension
Important Dates
- Circular Date: April 20, 2026
- Suspension Effective Date: April 21, 2026
Impact Assessment
The impact is limited to holders of this specific privately placed non-convertible security of The Great Eastern Shipping Company Limited. Since the suspension is due to redemption, investors will receive the redemption proceeds as per the terms of the instrument. Broader market impact is minimal as this is a single debt instrument in the privately placed segment.
Impact Justification
Routine suspension of a single privately placed NCS due to redemption; affects only holders of this specific instrument with limited broader market impact.