Description
NSE suspends trading in five Non-Convertible Debentures from October 17, 2025 due to redemption of the instruments.
Summary
The National Stock Exchange has issued a circular notifying the suspension of trading in five Non-Convertible Debentures (Privately Placed) effective October 17, 2025. The suspension is pursuant to Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, and all suspensions are due to redemption of the respective debt instruments.
Key Points
- Five NCDs from different issuers will be suspended from trading
- All suspensions effective from October 17, 2025
- Suspension reason: Redemption of debentures
- Circular issued under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Circular reference number: 2046/2025
Affected Securities
1. Hero FinCorp Limited
- ISIN: INE957N07542
- Suspension Date: October 17, 2025
- Reason: Redemption
2. Jodhpur Wind Farms Private Limited
- ISIN: INE03IQ08033
- Suspension Date: October 17, 2025
- Reason: Redemption
3. Titan Company Limited
- ISIN: INE280A08015
- Suspension Date: October 17, 2025
- Reason: Redemption
4. Tata Capital Housing Finance Limited
- ISIN: INE033L07HV8
- Suspension Date: October 17, 2025
- Reason: Redemption
5. Power Finance Corporation Limited
- ISIN: INE134E08LU1
- Suspension Date: October 17, 2025
- Reason: Redemption
Regulatory Changes
No regulatory changes. This is a routine administrative action under existing regulations governing the suspension of debt securities upon redemption.
Compliance Requirements
- All exchange members are notified of the suspension
- Trading in the specified NCDs must cease from October 17, 2025
- Members should update their systems to reflect the suspension status
Important Dates
- Circular Date: October 16, 2025
- Suspension Effective Date: October 17, 2025
Impact Assessment
Market Impact: Low - This is a standard operational procedure for debt securities that have reached maturity. The suspension affects only specific privately placed NCDs and does not indicate any credit events or defaults.
Investor Impact: Holders of these NCDs will receive redemption proceeds as per the terms of the debentures. No trading will be possible after October 17, 2025.
Operational Impact: Minimal - Routine suspension following scheduled redemptions with one day advance notice to market participants.
Impact Justification
Routine administrative action for debt securities redemption affecting only specific NCDs with no broader market implications