Description
NSE suspends trading in three privately placed non-convertible securities from May 6, 2026, due to redemption by NIIF Infrastructure Finance, Power Finance Corporation, and Tata Capital.
Summary
NSE has issued a circular (Ref. No. 0729/2026) under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, suspending trading in three privately placed non-convertible securities effective May 6, 2026. The suspensions are triggered by redemption of the respective instruments issued by NIIF Infrastructure Finance Limited, Power Finance Corporation Limited, and Tata Capital Limited.
Key Points
- Trading suspension is effective from May 6, 2026 for all three securities.
- All three suspensions are due to redemption of the non-convertible securities.
- The circular applies to members of the NSE Debt Market segment.
- Issued by the Listing Department under Download Ref No: NSE/CML/74045.
Regulatory Changes
No new regulatory changes are introduced. The suspensions are executed in pursuance of Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, which governs the suspension of debt instruments upon maturity or redemption.
Compliance Requirements
- All NSE members must cease trading in the listed ISINs from the suspension date.
- No action is required from issuers beyond honoring the redemption obligations.
- Members holding or facilitating trades in these securities must ensure no transactions are executed on or after May 6, 2026.
Important Dates
| Event | Date |
|---|---|
| Circular Date | May 5, 2026 |
| Trading Suspension Effective | May 6, 2026 |
Impact Assessment
| Sr. No. | Company | ISIN | Suspension Date | Reason |
|---|---|---|---|---|
| 1 | NIIF Infrastructure Finance Limited | INE306N07NK5 | May 6, 2026 | Redemption |
| 2 | Power Finance Corporation Limited | INE246R07491 | May 6, 2026 | Redemption |
| 3 | Tata Capital Limited | INE134E08MO2 | May 6, 2026 | Redemption |
The impact is limited to investors and traders holding positions in these specific debt instruments. Redemption means bondholders will receive principal repayment, making trading suspension a natural and expected step. There is no systemic risk or broader market impact anticipated. Members should update their systems to reflect the suspension effective May 6, 2026.
Impact Justification
Routine suspension of three debt instruments due to scheduled redemption; affects holders of these specific ISINs but is a standard lifecycle event with no broader market disruption.