Description
BSE suspends trading in NUVAMA WEALTH debentures from August 8, 2025 due to redemption with record date set for the same day.
Summary
BSE has suspended trading in Non-Convertible Debentures of NUVAMA WEALTH AND INVESTMENT LIMITED effective August 8, 2025, due to the company’s redemption process with the same date set as record date.
Key Points
- Trading suspension applies to NUVAMA WEALTH debentures (Code: NWIL-GSEC-27-8-25-PVT, ISIN: INE523L07777, BSE Code: 974090)
- No dealings permitted from August 8, 2025
- Suspension is due to debenture redemption corporate action
- Trading members advised not to deal in these specific debentures
Regulatory Changes
No regulatory framework changes - standard procedure for debenture redemption process.
Compliance Requirements
- Trading members must cease all dealings in specified NUVAMA debentures from August 8, 2025
- Members required to note the suspension and inform clients accordingly
- No new positions or transactions permitted in the affected securities
Important Dates
- Notice Date: August 5, 2025
- Record Date: August 8, 2025
- Trading Suspension Date: August 8, 2025
- Purpose: Redemption of Debentures
Impact Assessment
Limited market impact as suspension affects only specific NUVAMA debenture series. Debenture holders will receive redemption proceeds as per terms. No broader market implications expected given the targeted nature of the suspension for corporate action completion.
Impact Justification
Trading suspension affects specific debenture holders but limited to single security redemption