The National Stock Exchange of India (NSE) has issued a circular (NSE/CML/62962) announcing the suspension of trading in six non-convertible debentures (NCDs) from July 18, 2024. The suspension is due to the redemption of these NCDs by the issuing companies.
The following NCDs will be affected:
Sr. No. Name of the Company ISIN 1. Aditya Birla Finance Limited INE860H07HO7 2. Hero FinCorp Limited INE957N07633 3. Tata Capital Limited INE306N07MJ9 4. Power Finance Corporation Limited INE134E08LJ4 5. Cholamandalam Investment and Finance Company Limited INE121A07QD3 6. Kamat Hotels (I) Limited INE967C07015
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This suspension is a standard procedure followed by stock exchanges when NCDs reach their maturity date and are due for redemption. The move is intended to protect investors and ensure a fair and orderly market for the securities.
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