Description
NSE suspends trading in NCDs of Sundaram Finance Limited, Small Industries Development Bank of India, and Export Import Bank of India effective October 13, 2025 due to redemption.
Summary
NSE has announced the suspension of trading for three Non-Convertible Debentures (Privately Placed) effective October 13, 2025. The affected instruments are issued by Sundaram Finance Limited (ISIN: INE660A07QO7), Small Industries Development Bank of India (ISIN: INE556F08KD0), and Export Import Bank of India (ISIN: INE514E08EQ7). The suspension is due to the redemption of these debentures.
Key Points
- Three NCDs will be suspended from trading on NSE’s Debt Market
- Suspension date: October 13, 2025
- Reason for suspension: Redemption of the debentures
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Affects privately placed non-convertible debentures only
Regulatory Changes
No regulatory changes introduced. This is a routine administrative action pursuant to existing regulations.
Compliance Requirements
No specific compliance requirements for members. The suspension will be automatically effective from the stated date.
Important Dates
- Circular Date: October 10, 2025
- Suspension Effective Date: October 13, 2025
Impact Assessment
Minimal market impact as this is a routine suspension due to scheduled redemption of debt instruments. The suspension affects only holders of these specific ISINs who will receive redemption proceeds as per the original terms of the debentures. No impact on equity trading or broader market operations.
Impact Justification
Routine suspension of NCDs due to scheduled redemption. Affects only debt instrument holders of three specific ISINs with no broader market impact.