Description
NSE suspends trading in 5 Non-Convertible Debentures due to redemption effective August 14, 2025.
Summary
NSE has announced the suspension of trading in 5 Non-Convertible Debentures (Privately Placed) effective August 14, 2025, due to redemption. The suspension affects debentures issued by LIC Housing Finance Limited (2 issues), Tata Capital Housing Finance Limited, Power Grid Corporation of India Limited, and Sundaram Home Finance Limited.
Key Points
- 5 Non-Convertible Debentures will be suspended from trading
- All suspensions are due to redemption of the securities
- Suspension effective from August 14, 2025
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
Regulatory Changes
No new regulatory changes introduced. This is routine implementation of existing debt market trading regulations for redemption events.
Compliance Requirements
- Market participants must cease trading in the specified debentures from the suspension date
- Existing positions will be settled according to standard procedures
Important Dates
- Suspension Date: August 14, 2025
- Circular Date: August 13, 2025
- Effective Date: August 14, 2025
Impact Assessment
Limited market impact as these are routine redemption-based suspensions. Investors holding these debentures will receive redemption proceeds as per the terms of issue. No disruption to broader debt market operations expected.
Impact Justification
Routine redemption-based suspension affecting multiple debt securities