Description
BSE suspends trading in HDFC Bank Ltd Non-Convertible Debentures (INE040A08930) from 08 May 2026 ahead of the record date for interest payment and redemption on exercise of put option.
Summary
BSE has notified trading members that HDFC Bank Ltd has fixed a record date of 09 May 2026 for the purpose of Payment of Interest and Redemption on Exercise of Put Option on its Non-Convertible Debentures. Trading in these debentures is suspended effective 08 May 2026.
Key Points
- Trading in HDFC Bank Ltd NCDs (ISIN: INE040A08930, Scrip Code: 974858) is suspended from 08 May 2026
- Record date set as 09 May 2026 for interest payment and put option redemption
- Security identifier: HDFCB-7.65%-25-5-33-PVT DR-626/2026-2027
- All trading members are advised not to deal in these debentures from the suspension date
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notice mandating a trading suspension window ahead of a record date for a debt instrument undergoing put option redemption.
Compliance Requirements
- Trading members must cease all dealings in HDFC Bank NCD (INE040A08930 / Scrip Code 974858) with effect from 08 May 2026
- Members should update their systems and alert clients holding or intending to trade in these debentures
- Compliance with the no-dealing directive is mandatory as per BSE Listing Operations guidelines
Important Dates
- No Dealings From: 08 May 2026
- Record Date: 09 May 2026 (for interest payment and put option redemption)
- Notice Date: 05 May 2026
Impact Assessment
Holders of HDFC Bank NCDs under ISIN INE040A08930 will have their put option redeemed on the record date (09 May 2026), along with accrued interest at 7.65%. Trading members and investors cannot transact in this security from 08 May 2026 onward, limiting liquidity for this instrument in the interim. The impact is localised to holders and active traders of this specific NCD series; broader market impact is minimal given the targeted nature of the suspension.
Impact Justification
Immediate trading restriction effective 08 May 2026 on HDFC Bank NCDs with put option redemption; directly affects holders and trading members dealing in these debentures.