Description
NSE suspends trading in Sundaram Finance Limited's Non-Convertible Debenture (ISIN: INE660A07QP4) effective November 11, 2025 due to redemption.
Summary
National Stock Exchange of India has announced the suspension of trading in a Non-Convertible Debenture (Privately Placed) issued by Sundaram Finance Limited, effective November 11, 2025. The suspension is being implemented due to the redemption of the debenture instrument.
Key Points
- Single NCD of Sundaram Finance Limited to be suspended from trading
- ISIN: INE660A07QP4
- Suspension effective from November 11, 2025
- Reason for suspension: Redemption of the instrument
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Circular Reference: NSE/CML/71211, Circular No. 2178/2025
Regulatory Changes
No regulatory changes introduced. This is a routine administrative action for debt instrument lifecycle management under existing NSE Debt Market (Trading) Regulations Part A, Regulation 3.1.2.
Compliance Requirements
- Trading members must cease trading in the specified NCD (ISIN: INE660A07QP4) from November 11, 2025
- Members should update their trading systems to reflect the suspension
- Debenture holders should note that trading will not be available post-suspension date
Important Dates
- Circular Date: November 10, 2025
- Suspension Effective Date: November 11, 2025
Impact Assessment
Market Impact: Minimal. This affects only one privately placed NCD instrument of Sundaram Finance Limited. The suspension is due to normal redemption process, not any adverse event.
Investor Impact: Low. Debenture holders will receive redemption proceeds as per the terms of the instrument. No trading impact on equity shares of Sundaram Finance Limited.
Operational Impact: Routine operational matter for trading members dealing in debt securities. Standard system updates required to prevent trading in the suspended ISIN.
Impact Justification
Routine suspension of a single NCD due to redemption. Affects only specific debenture holders of Sundaram Finance, not equity trading or broader market operations.