Description
NSE suspends trading in NCDs of L&T Finance Limited and Aditya Birla Capital Limited effective October 16, 2025 due to redemption.
Summary
The National Stock Exchange of India (NSE) has issued a circular notifying the suspension of trading in two Non-Convertible Debentures (NCDs) that were privately placed. The NCDs of L&T Finance Limited (ISIN: INE027E07CB8) and Aditya Birla Capital Limited (ISIN: INE860H07BZ6) will be suspended from trading effective October 16, 2025. The suspension is being implemented in accordance with Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, and the reason for suspension is the redemption of these instruments.
Key Points
- Two NCDs are being suspended from trading on NSE’s debt market platform
- L&T Finance Limited NCD (ISIN: INE027E07CB8) will be suspended effective October 16, 2025
- Aditya Birla Capital Limited NCD (ISIN: INE860H07BZ6) will be suspended effective October 16, 2025
- Reason for suspension: Redemption of the debentures
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Circular reference number: 2030/2025, NSE/CML/70834
Regulatory Changes
No new regulatory changes introduced. This circular implements existing regulations under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the suspension of debt securities upon redemption.
Compliance Requirements
- Trading members must cease trading in the specified NCDs from the suspension date
- Members should update their systems to reflect the suspension status of these instruments
- No further trading in these specific ISINs will be permitted on the NSE debt market platform from October 16, 2025
Important Dates
- Circular Issue Date: October 15, 2025
- Suspension Effective Date: October 16, 2025 (for both NCDs)
- Effective Date of Circular: October 16, 2025
Impact Assessment
Market Impact: Low. This is a routine corporate action involving the redemption of privately placed debt instruments. The suspension affects only holders and traders of these specific NCDs and does not impact the equity shares of the companies or broader market operations.
Investor Impact: Holders of these NCDs will receive redemption proceeds as per the terms of the debentures. No trading will be possible after the suspension date, which is standard practice for redeemed instruments.
Operational Impact: Minimal. Trading members need to update their systems to reflect the suspension, but this is a standard operational procedure for debt securities reaching maturity or redemption.
Impact Justification
Routine suspension of NCDs due to scheduled redemption. Affects only specific debt instruments, not equity trading. Limited market impact as this is standard corporate action.