Description
NSE suspends trading in NCDs of IDFC First Bank, Tata Capital Housing Finance, and State Bank of India effective September 4, 2025 due to redemption.
Summary
NSE has announced the suspension of trading in Non-Convertible Debentures (Privately Placed) of three companies effective September 4, 2025. The suspensions are due to redemption of the debt securities under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2.
Key Points
- Three NCDs will be suspended from trading on September 4, 2025
- All suspensions are due to redemption of the debt instruments
- State Bank of India’s NCD suspension is specifically for exercising call option
- Effective under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2
Regulatory Changes
No new regulatory changes introduced. This is a routine implementation of existing NSE Debt Market Trading Regulations regarding suspension of securities upon redemption.
Compliance Requirements
Members must cease trading in the specified NCDs from the suspension date. No additional compliance requirements beyond existing trading regulations.
Important Dates
- September 4, 2025: Effective date for suspension of all three NCDs
- September 3, 2025: Circular issuance date
Impact Assessment
Limited market impact as these are routine suspensions due to natural redemption of debt securities. Investors holding these NCDs will receive redemption proceeds as per terms. No disruption to broader debt market operations expected.
Impact Justification
Routine suspension due to redemption affecting three major financial institutions' debt securities