Description
NSE suspends trading in Non-Convertible Debentures of HDFC Bank, Can Fin Homes, and State Bank of India effective November 7, 2025 due to redemption.
Summary
The National Stock Exchange has issued a circular notifying the suspension of trading in three Non-Convertible Debentures (Privately Placed) effective November 7, 2025. The affected securities are from HDFC Bank Limited, Can Fin Homes Limited, and State Bank of India. The suspensions are due to redemption events, with SBI’s NCD specifically related to exercising a call option.
Key Points
- Three Non-Convertible Debentures will be suspended from trading on NSE’s debt market
- Suspension effective date: November 7, 2025
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- HDFC Bank Limited NCD (ISIN: INE040A08856) - Redemption
- Can Fin Homes Limited NCD (ISIN: INE477A07357) - Redemption
- State Bank of India NCD (ISIN: INE062A08272) - Redemption for exercising Call Option
Regulatory Changes
No regulatory changes introduced. This circular implements existing Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A for routine suspension of securities.
Compliance Requirements
- All members must note the suspension of trading in the specified NCDs
- Trading participants should update their systems to reflect the suspension status
- No trading permitted in these securities from the suspension date onwards
Important Dates
- Circular Issue Date: November 6, 2025
- Suspension Effective Date: November 7, 2025
- Reference Number: NSE/CML/71153, Circular Ref. No: 2152/2025
Impact Assessment
Market Impact: Limited - affects only holders of these specific NCDs in the debt market segment. The suspensions are procedural and expected due to scheduled redemption events.
Investor Impact: Investors holding these NCDs will receive redemption proceeds as per the terms of the debentures. No further trading will be possible after November 7, 2025.
Operational Impact: Routine operational matter for debt market participants. Trading systems need to be updated to reflect suspension status for these three ISINs.
Impact Justification
Routine suspension of NCDs due to scheduled redemptions and call option exercise; affects debt market participants holding these specific securities