Description
NSE suspends trading in five Non-Convertible Debentures of Tata Motors Limited with effect from October 10, 2025, pursuant to NCLT Order under a Scheme of Amalgamation.
Summary
National Stock Exchange of India has announced the suspension of trading in five Non-Convertible Debentures (Privately Placed) issued by Tata Motors Limited, effective October 10, 2025. The suspension is pursuant to an NCLT (National Company Law Tribunal) Order related to a Scheme of Amalgamation. This action is taken under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.
Key Points
- Five NCDs of Tata Motors Limited will be suspended from trading
- Suspension effective date: October 10, 2025
- Reason: NCLT Order pursuant to Scheme of Amalgamation
- Action taken under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2
- Circular Reference Number: 1986/2025
- NSE Reference Number: NSE/CML/70733
Affected Securities
| Sr. No. | ISIN | Suspension Date |
|---|---|---|
| 1 | INE155A08423 | 10-Oct-2025 |
| 2 | INE155A08407 | 10-Oct-2025 |
| 3 | INE155A08415 | 10-Oct-2025 |
| 4 | INE155A08449 | 10-Oct-2025 |
| 5 | INE155A08464 | 10-Oct-2025 |
Regulatory Changes
No new regulatory changes introduced. This circular implements existing regulations under NSE Debt Market (Trading) Regulations Part A, Regulation 3.1.2, which governs suspension of debt securities pursuant to corporate restructuring approved by NCLT.
Compliance Requirements
- All NSE members must cease trading in the specified NCDs from October 10, 2025
- Members should inform their clients holding these debentures about the suspension
- Trading terminals will reflect the suspension status for these ISINs
- Debenture holders should refer to the NCLT Order and Scheme of Amalgamation documents for details on their holdings
Important Dates
- Circular Issue Date: October 09, 2025
- Suspension Effective Date: October 10, 2025
Impact Assessment
Market Impact: High - The suspension affects five debt securities of Tata Motors Limited, a major automotive manufacturer and prominent listed entity. Debenture holders will be unable to trade these securities on the exchange.
Investor Impact: Significant for holders of these privately placed NCDs who will lose liquidity in these instruments. The scheme of amalgamation approved by NCLT will govern the treatment of these debentures going forward.
Operational Impact: Trading members must update their systems and inform clients. The suspension is part of a corporate restructuring process, suggesting potential conversion, redemption, or exchange of these instruments as per the amalgamation scheme.
Duration: The circular does not specify when trading will resume, indicating this may be a permanent suspension pending completion of the amalgamation scheme or potential delisting of these specific ISINs.
Impact Justification
Immediate suspension of trading in five debt securities of a major listed company due to NCLT-approved corporate restructuring scheme. High impact on debenture holders and debt market participants.