Description

NSE suspends trading in NCDs of Canara Bank, Toyota Financial Services India Limited, and L&T Finance Limited due to redemption.

Summary

NSE has announced the suspension of trading in three Non-Convertible Debentures (Privately Placed) effective September 11, 2025, due to redemption. The affected securities are from Canara Bank, Toyota Financial Services India Limited, and L&T Finance Limited.

Key Points

  • Three NCDs will be suspended from trading on September 11, 2025
  • All suspensions are due to redemption of the debentures
  • Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
  • Circular effective from the suspension date

Regulatory Changes

No new regulatory changes introduced. This is a routine administrative action under existing regulations.

Compliance Requirements

  • Members must cease trading in the specified NCDs from September 11, 2025
  • No specific compliance actions required beyond cessation of trading

Important Dates

  • Suspension Date: September 11, 2025 - Trading suspension effective for all three NCDs
  • Circular Date: September 10, 2025

Impact Assessment

Minimal market impact expected as these are routine redemption-related suspensions. The suspensions affect privately placed debt securities with limited trading activity. No impact on equity markets or broader trading operations.

Impact Justification

Routine trading suspensions due to redemption with limited market impact