Description

NSE admits privately placed debt securities of Sundaram Home Finance Limited and Hero FinCorp Limited to dealings on the capital market segment with effect from March 10, 2026.

Summary

NSE has admitted two privately placed debt securities to dealings on the Capital Market segment effective March 10, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A. The securities are issued by Sundaram Home Finance Limited and Hero FinCorp Limited.

Key Points

  • Two privately placed securities listed on NSE Capital Market segment effective March 10, 2026
  • Both securities have a market lot size of 1 and trade under Series N0
  • Sundaram Home Finance: 7.7% coupon NCD maturing March 6, 2036 (ISIN: INE667F08202, Symbol: 77SHFL36)
  • Hero FinCorp: 9.10% coupon NCD maturing January 19, 2037 (ISIN: INE957N08219, Symbol: 910HFL37)
  • Securities shall be identified only by their designated codes for trading purposes

Regulatory Changes

No new regulatory changes introduced. This circular is issued pursuant to existing Regulation 3.1.1 (admission to dealings) and Regulation 2.5.5 (lot sizes) of the NSE Capital Market Trading Regulations Part A.

Compliance Requirements

  • All NSE members are notified to use designated security codes (77SHFL36 and 910HFL37) for trading these instruments
  • Trading must be conducted in the specified lot sizes (Market Lot: 1 for both securities)

Important Dates

  • Circular Date: March 9, 2026
  • Effective Date: March 10, 2026
  • Sundaram Home Finance NCD Maturity: March 6, 2036
  • Hero FinCorp NCD Maturity: January 19, 2037

Impact Assessment

This is a routine listing notification with limited market impact. The admission of these two privately placed NCDs provides a secondary market trading venue for existing holders. With a market lot of 1, these instruments are accessible to a broad range of investors. The securities represent fixed-income instruments with tenors of approximately 10 years, relevant primarily to debt market participants tracking Sundaram Home Finance and Hero FinCorp credit exposure.

Impact Justification

Routine admission of privately placed debt securities to NSE capital market segment; affects only holders of these specific NCD instruments with no broader market impact.