Description
BSE suspends trading in commercial papers of five companies including ICICI Home Finance, Network 18 Media, Motilal Oswal Financial Services, Mangalore Refinery & Petrochemicals, and Tata Steel Limited due to redemption record date of August 5, 2025.
Summary
BSE has suspended trading in commercial papers of five companies effective August 5, 2025, due to the record date for redemption. The affected companies are ICICI Home Finance Company Limited, Network 18 Media & Investments Limited, Motilal Oswal Financial Services Limited, Mangalore Refinery & Petrochemicals, and Tata Steel Limited.
Key Points
- Five companies have fixed August 5, 2025 as record date for commercial paper redemption
- Trading suspension begins from August 5, 2025
- All affected commercial papers are referenced under DR-688/2025-2026
- Trading members advised not to deal in these commercial papers
Regulatory Changes
No regulatory changes. This is a routine operational notice for commercial paper redemption.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from August 5, 2025
- Companies must complete redemption process as per fixed record date
Important Dates
- Record Date: August 5, 2025
- Trading Suspension Date: August 5, 2025
- Notice Date: July 29, 2025
Impact Assessment
Limited impact on equity markets as this affects only commercial paper (debt) trading. Routine redemption process for short-term debt instruments. No impact on equity shares of the mentioned companies.
Impact Justification
Routine commercial paper redemption affecting multiple companies but limited to debt securities trading