Description
NSE suspends trading in Non-Convertible Debentures of Sundaram Finance Limited, Bank of Baroda, and HDFC Bank Limited effective October 31, 2025 due to redemption.
Summary
The National Stock Exchange of India Limited has announced the suspension of trading in Non-Convertible Debentures (NCDs) of three companies effective October 31, 2025. The suspension applies to privately placed debt securities issued by Sundaram Finance Limited, Bank of Baroda, and HDFC Bank Limited. The action is taken pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, with redemption being the stated reason for suspension.
Key Points
- Three Non-Convertible Debentures will be suspended from trading on NSE Debt Market segment
- Suspension effective date: October 31, 2025
- All three suspensions are due to redemption of the debt instruments
- Circular issued under reference number NSE/CML/71048 and Circular Ref. No: 2116/2025
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
Suspended Securities Details
1. Sundaram Finance Limited
- ISIN: INE660A07RK3
- Suspension Date: October 31, 2025
- Reason: Redemption
2. Bank of Baroda
- ISIN: INE028A08232
- Suspension Date: October 31, 2025
- Reason: Redemption
3. HDFC Bank Limited
- ISIN: INE040A08641
- Suspension Date: October 31, 2025
- Reason: Redemption
Regulatory Framework
This suspension is implemented in accordance with Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the trading and suspension of debt securities on the exchange.
Important Dates
- Circular Issue Date: October 30, 2025
- Suspension Effective Date: October 31, 2025
Impact Assessment
This is a routine administrative action with minimal market impact. The suspension is due to the natural maturity and redemption of the debt instruments, which is a planned lifecycle event. Holders of these NCDs will receive their redemption proceeds as per the terms of their respective debenture agreements. The suspension does not affect the equity shares of these companies or their other debt instruments that may be listed on the exchange. Trading in other securities of Sundaram Finance Limited, Bank of Baroda, and HDFC Bank Limited continues normally.
Impact Justification
Routine suspension of debt instruments due to scheduled redemption. No impact on equity trading or broader market operations. Affects only specific debt securities holders.