Description
Trading suspended in two series of non-convertible debentures of TATA HOUSING DEVELOPMENT COMPANY LIMITED from November 27, 2025 for redemption and interest payment.
Summary
BSE has announced the suspension of trading in two series of non-convertible debentures (NCDs) issued by TATA HOUSING DEVELOPMENT COMPANY LIMITED effective November 27, 2025. The suspension is implemented to facilitate the redemption of debentures and payment of interest to holders as per the record date fixed by the company. Trading members are instructed not to deal in these specified debentures from the suspension date.
Key Points
- Two series of NCDs of TATA HOUSING DEVELOPMENT COMPANY LIMITED will be suspended from trading
- First series: THDCL-8.27%-RESET RATE-14-8-27 (ISIN: INE582L08045, Code: 975909)
- Second series: THDCL-RESET RATE-28-10-27-PVT (ISIN: INE582L08060, Code: 976138)
- Record date fixed as November 27, 2025 for both series
- Purpose: Redemption of debentures and payment of interest
- Trading members must not deal in these debentures from November 27, 2025
- Circular reference: DR-765/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard suspension procedure for corporate actions related to debt securities.
Compliance Requirements
- Trading members must cease all dealings in the specified debentures from November 27, 2025
- Trading members must ensure compliance with the no-dealing instruction for both ISIN codes mentioned
- Trading members are required to take note of this circular and implement necessary restrictions
Important Dates
- Notice Date: November 21, 2025
- Record Date: November 27, 2025
- Trading Suspension Date: November 27, 2025 (no dealings from this date)
Impact Assessment
Market Impact: Limited and specific to holders of these two debenture series. This is a routine corporate action with no broader market implications.
Investor Impact: Debenture holders will receive redemption proceeds and interest payments as per the record date. Investors must hold the debentures as of the record date to be eligible for these payments.
Trading Impact: Trading suspension prevents transactions in these specific securities from November 27, 2025, ensuring proper settlement of redemption and interest payments to eligible holders.
Operational Impact: Trading members must update their systems to block trading in these two ISIN codes from the specified date to ensure compliance with BSE directive.
Impact Justification
Routine suspension for scheduled debenture redemption and interest payment affecting two specific debt securities series. Limited market-wide impact as this is a standard corporate action procedure.