Description

Trading suspended in HDFC Bank debentures (INE040A08AI6) from January 9, 2026 due to redemption on exercise of put option and interest payment with record date January 10, 2026.

Summary

BSE has announced the suspension of trading in specific non-convertible debentures of HDFC Bank Limited (ISIN: INE040A08AI6, Code: 974560) effective January 9, 2026. The suspension is due to the company fixing January 10, 2026 as the record date for redemption on exercise of put option and payment of interest on the 7.69% debentures maturing in 2033.

Key Points

  • Debenture Series: HDFCB-7.69%-27-1-33-PVT
  • ISIN: INE040A08AI6
  • BSE Code: 974560
  • Record Date: January 10, 2026
  • No Dealings From: January 9, 2026
  • Purpose: Redemption on Exercise of Put Option and Payment of Interest
  • Notice Reference: DR-795/2025-2026
  • Trading Members advised not to deal in these debentures

Regulatory Changes

No regulatory framework changes. This is a standard corporate action procedure for debt instruments where trading is suspended before the record date to facilitate proper settlement of redemption and interest payment obligations.

Compliance Requirements

  • Trading Members must not execute any trades in the specified HDFC Bank debentures (INE040A08AI6) from January 9, 2026 onwards
  • Trading Members are required to take note of this suspension and ensure compliance
  • Suspension applies specifically to the debt segment for this particular debenture series

Important Dates

  • January 1, 2026: Circular issued
  • January 9, 2026: Trading suspension effective (no dealings from this date)
  • January 10, 2026: Record date for redemption on put option exercise and interest payment

Impact Assessment

Market Impact: Limited to holders of this specific HDFC Bank debenture series. The suspension is procedural and temporary, affecting only the debt segment. Investors holding these debentures who wish to exercise the put option will benefit from the redemption, while those wanting to trade will be unable to do so from January 9, 2026.

Operational Impact: Trading members must update their systems to block trades in this specific ISIN. The suspension ensures clean settlement for the put option redemption process and interest payment to eligible debenture holders as per the record date.

Impact Justification

Trading suspension affects specific debenture holders but limited to debt instrument with put option exercise, not equity trading