Description
NSE notifies suspension of trading in privately placed non-convertible securities of NIIF Infrastructure Finance Limited and Sundaram Finance Limited effective April 29, 2026, due to redemption.
Summary
NSE’s Listing Department has issued a circular (Ref No: NSE/CML/73935, Circular Ref. No: 0700/2026) notifying the suspension of trading in two privately placed non-convertible securities effective April 29, 2026. The suspension applies to ISINs held by NIIF Infrastructure Finance Limited and Sundaram Finance Limited, both being suspended due to redemption under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.
Key Points
- Two non-convertible securities (privately placed) are being suspended from trading on April 29, 2026
- NIIF Infrastructure Finance Limited (ISIN: INE246R07293) — suspended due to redemption
- Sundaram Finance Limited (ISIN: INE660A07QV2) — suspended due to redemption
- Suspension is pursuant to Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Circular issued by Vishakha Kine, Manager, on behalf of National Stock Exchange of India Limited
Regulatory Changes
No new regulatory changes are introduced. The suspension is carried out under existing Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the suspension of debt securities upon maturity or redemption events.
Compliance Requirements
- All NSE members are notified and must cease trading in the specified ISINs from the suspension date
- Members holding or dealing in INE246R07293 or INE660A07QV2 must ensure no trades are executed on or after April 29, 2026
- Settlement of trades executed prior to the suspension date must be completed as per normal settlement cycles
Important Dates
- Circular Date: April 28, 2026
- Suspension Effective Date: April 29, 2026
- Applies to both securities simultaneously
Impact Assessment
The impact is limited and routine in nature. Both suspensions are triggered by scheduled redemption events, meaning the securities have reached their maturity and will be redeemed. Investors holding these instruments will receive redemption proceeds as per the terms of the respective debentures. There is no adverse market impact; this is a standard lifecycle event for privately placed debt instruments. Members and investors should update their systems to reflect the suspension of these ISINs from April 29, 2026.
Impact Justification
Routine suspension of two privately placed non-convertible securities due to scheduled redemption; affects only specific ISIN holders with no broader market implications.