Description
Trading suspended in INDUSIND SECURITIES LIMITED debentures (ISL-Nifty-29-5-26-PVT) from October 23, 2025 due to redemption on exercise of put option.
Summary
BSE has announced the suspension of trading in a specific non-convertible debenture (NCD) of INDUSIND SECURITIES LIMITED effective October 23, 2025. The suspension is due to the redemption of debentures on exercise of put option by holders. Trading members are advised not to deal in the specified debenture from the suspension date.
Key Points
- Debenture affected: ISL-Nifty-29-5-26-PVT (ISIN: INE923I07171, Code: 973204)
- Record date for redemption: October 23, 2025
- Purpose: Redemption of debentures on exercise of put option
- Trading suspension starts: October 23, 2025
- Circular reference: DR-741/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification for debenture redemption.
Compliance Requirements
- Trading members must not deal in the specified debentures of INDUSIND SECURITIES LIMITED from October 23, 2025
- Trading members are required to note the suspension and ensure no transactions occur in the affected security
- Market participants should update their systems to reflect the trading suspension
Important Dates
- October 17, 2025: Circular notification date
- October 23, 2025: Record date for redemption and start of trading suspension
Impact Assessment
The impact is limited to holders of this specific non-convertible debenture of INDUSIND SECURITIES LIMITED. The suspension affects only one debt instrument and does not have broader market implications. Debenture holders exercising the put option will receive redemption as per the terms of the instrument. No impact on equity trading or other debt securities of the company.
Impact Justification
Affects only specific debenture holders of INDUSIND SECURITIES LIMITED exercising put option. Limited market-wide impact as it concerns a single debt instrument.