Description
NSE announces suspension of trading in Indiabulls Enterprises Limited (IEL) equity shares effective October 28, 2025, due to a Scheme of Amalgamation.
Summary
The National Stock Exchange of India has issued a circular announcing the suspension of trading in equity shares of Indiabulls Enterprises Limited (Symbol: IEL) effective from October 28, 2025. The suspension is pursuant to Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A and is necessitated by a Scheme of Amalgamation involving the company.
Key Points
- Trading in IEL equity shares will be suspended from October 28, 2025 (closing hours of October 27, 2025)
- The security trades in the BE series
- Suspension is implemented under NSE Capital Market Trading Regulations Part A, Regulation 3.1.2
- The reason for suspension is a Scheme of Amalgamation
- Circular reference number: 2077/2025
- NSE download reference: NSE/CML/70952
Regulatory Changes
This circular implements a trading suspension under existing regulations. The suspension is triggered by corporate action (Scheme of Amalgamation) rather than a new regulatory requirement. The applicable regulation is NSE (Capital Market) Trading Regulations Part A, Regulation 3.1.2.
Compliance Requirements
- All NSE members must cease trading in IEL equity shares from October 28, 2025
- No buy or sell orders for IEL can be executed on the exchange after the suspension becomes effective
- Members should inform their clients holding or interested in IEL shares about the trading suspension
Important Dates
- October 24, 2025: Circular issued
- October 27, 2025: Last trading day (suspension effective from closing hours)
- October 28, 2025: Trading suspension becomes effective
Impact Assessment
Market Impact: High - Complete halt in trading of IEL shares on NSE prevents price discovery and liquidity for existing shareholders. Investors cannot exit or enter positions during the suspension period.
Investor Impact: Existing shareholders of Indiabulls Enterprises Limited will be unable to trade their holdings on NSE from October 28, 2025. The duration of suspension depends on the completion timeline of the Scheme of Amalgamation.
Corporate Action: The suspension indicates an ongoing corporate restructuring through amalgamation. Shareholders should monitor further announcements regarding the scheme details, amalgamating/amalgamated entities, share exchange ratio, and approval process.
Impact Justification
Complete trading suspension of a listed company due to corporate restructuring affects all shareholders and traders of IEL stock