Description
NSE suspends trading in privately placed non-convertible securities of HDFC Bank Limited, Sundaram Home Finance Limited, and Hero FinCorp Limited effective April 27, 2026, due to redemption.
Summary
NSE has notified the suspension of trading in three privately placed Non-Convertible Securities (NCS) instruments issued by HDFC Bank Limited, Sundaram Home Finance Limited, and Hero FinCorp Limited. The suspension is effective from April 27, 2026, and is triggered by the redemption of these instruments under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.
Key Points
- Three NCS instruments across three companies will be suspended from trading effective April 27, 2026
- All suspensions are due to redemption of the respective instruments
- The circular is issued under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Circular Ref. No: 0682/2026, Download Ref No: NSE/CML/73882
Regulatory Changes
No new regulatory changes are introduced. The suspension is being effected in pursuance of existing Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the suspension of debt securities upon redemption.
Compliance Requirements
- All NSE members dealing in the debt segment must cease trading in the listed ISIN instruments from April 27, 2026
- Members should notify their clients holding these NCS instruments about the impending trading suspension and redemption
Important Dates
- Circular Date: April 24, 2026
- Suspension Effective Date: April 27, 2026 (for all three instruments)
| Sr. No. | Company Name | ISIN | Suspension Date | Reason |
|---|---|---|---|---|
| 1 | HDFC Bank Limited | INE040A08500 | 27-April-2026 | Redemption |
| 2 | Sundaram Home Finance Limited | INE667F07IL4 | 27-April-2026 | Redemption |
| 3 | Hero FinCorp Limited | INE957N07757 | 27-April-2026 | Redemption |
Impact Assessment
The impact is limited to holders of these specific NCS instruments in the NSE debt market. Investors and members holding these ISINs must be aware that trading will cease on April 27, 2026, ahead of redemption. This is a routine administrative action with no broader market implications. Bondholders will receive redemption proceeds as per the terms of the respective instruments.
Impact Justification
Routine suspension of NCS instruments due to upcoming redemption; affects specific ISIN instruments of three companies with a defined suspension date, limited to debt market participants holding these specific securities.