Description

BSE announces suspension of trading in commercial papers of 12 companies with record dates between July 29 - August 4, 2025 for redemption purposes.

Summary

BSE has issued a circular suspending trading in commercial papers of 12 companies that have fixed record dates for redemption purposes. The suspensions will be effective from their respective record dates, ranging from July 29, 2025 to August 4, 2025. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates.

Key Points

  • 12 companies have fixed record dates for commercial paper redemption
  • Trading suspension effective from respective record dates
  • All suspensions relate to debt segment commercial papers
  • Multiple companies have the same record date of August 4, 2025
  • Notice issued by Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No regulatory framework changes. This is a routine operational circular for corporate action processing related to commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the no-dealings dates
  • Compliance with record date procedures for commercial paper redemption
  • Adherence to corporate action processing guidelines for debt instruments

Important Dates

  • July 29, 2025: Record date and no-dealings date for Standard Chartered Securities (India) Limited
  • August 1, 2025: Record date and no-dealings date for Network 18 Media & Investments Limited (first CP)
  • August 4, 2025: Record date and no-dealings date for 10 companies:
    • Muthoot Fincorp Limited
    • Kotak Securities Limited
    • ICICI Securities Limited
    • Network 18 Media & Investments Limited (second CP)
    • Motilal Oswal Financial Services Limited
    • Tata Housing Development Company Limited
    • Aditya Birla Housing Finance Limited
    • 360 ONE WAM Limited
    • Larsen & Toubro Limited
    • 360 ONE Prime Limited

Impact Assessment

The suspension affects commercial paper trading for multiple financial services companies and corporates. The concentration of 10 redemptions on August 4, 2025 may impact debt market liquidity temporarily. This is routine corporate action processing with limited broader market impact, primarily affecting specific debt instrument holders and trading members dealing in these commercial papers.

Impact Justification

Affects trading in commercial papers of 12 companies with staggered record dates over a week period, impacting debt market operations