Description
Trading suspended in TFC bonds (INE305A09232) from October 24, 2025 due to record date for redemption and interest payment.
Summary
BSE has announced the suspension of trading in bonds of Tourism Finance Corporation of India Ltd (TFC) effective October 24, 2025. The suspension is due to the company fixing a record date for redemption of bonds and payment of interest. Trading members are advised not to deal in the specified bonds from the suspension date.
Key Points
- Bond ISIN: INE305A09232 (Code: 952989)
- Bond Series: TFC-8.81%-9-11-25-PVT
- Record Date: October 24, 2025
- Trading Suspension Date: October 24, 2025
- Purpose: Redemption of bonds and payment of interest
- Notice Reference: DR-742/2025-2026
Regulatory Changes
No regulatory changes. This is a standard operational notice for corporate action processing.
Compliance Requirements
- Trading members must not execute any trades in the specified bonds from October 24, 2025
- Members should inform their clients holding these bonds about the suspension
- All dealing activities in bond INE305A09232 must cease from the specified date
Important Dates
- Notice Date: October 20, 2025
- Record Date: October 24, 2025
- No Dealings From: October 24, 2025
- Expected Redemption Date: November 9, 2025 (based on bond series name)
Impact Assessment
Market Impact: Medium - affects only bondholders of this specific series. The suspension is temporary and routine for corporate action processing.
Investor Impact: Bondholders of the TFC-8.81%-9-11-25-PVT series will receive redemption proceeds and final interest payment. No trading will be possible from October 24, 2025 onwards.
Operational Impact: Trading members need to update their systems to block trading in this specific bond ISIN and communicate with affected clients regarding the redemption process.
Impact Justification
Routine trading suspension for bond redemption and interest payment; affects only specific bond series holders, not equity trading