Description
NSE suspends trading in NCDs of Sundaram Finance Limited and Muthoot Finance Limited due to redemption effective August 8, 2025.
Summary
NSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of two companies - Sundaram Finance Limited and Muthoot Finance Limited - effective August 8, 2025, due to redemption of the instruments.
Key Points
- Two NCDs to be suspended from trading on NSE debt market
- Suspension effective from August 8, 2025
- Reason for suspension: Redemption of the debentures
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
Regulatory Changes
No new regulatory changes introduced. This is a routine suspension under existing NSE Debt Market Trading Regulations.
Compliance Requirements
- All NSE members must cease trading in the specified NCDs from the suspension date
- No new positions can be created in these instruments
Important Dates
- Circular Date: August 7, 2025
- Suspension Date: August 8, 2025
- Effective Date: August 8, 2025
Impact Assessment
Affected Securities:
- Sundaram Finance Limited NCD (ISIN: INE660A07RH9)
- Muthoot Finance Limited NCD (ISIN: INE414G07HT4)
Market Impact: Limited impact as this is a routine suspension due to natural redemption of debt instruments. Investors holding these NCDs will receive redemption proceeds as per the terms of the debentures.
Impact Justification
Routine suspension due to redemption affects specific debt instruments but limited to two companies