Description
BSE suspends trading in commercial paper for 14 companies due to upcoming redemption record dates between August 5-7, 2025.
Summary
BSE has suspended trading in commercial paper instruments of 14 companies effective from their respective record dates (August 5-7, 2025) due to upcoming redemptions. Trading members are advised not to deal in these commercial papers from the specified dates.
Key Points
- 14 companies have fixed record dates for commercial paper redemption
- Trading suspension effective from respective record dates
- Two companies have August 5-6 record dates, remaining 12 have August 7 record date
- All suspensions are for redemption purposes
- Trading members specifically advised against dealing in these instruments
Regulatory Changes
No regulatory changes - routine trading suspension procedure for commercial paper redemption.
Compliance Requirements
- Trading members must not deal in the specified commercial paper instruments from the record dates
- Compliance with trading suspension from August 5, 2025 onwards for respective instruments
Important Dates
- August 5, 2025: Record date and trading suspension for Kotak Mahindra Investments Limited (KMIL-6-8-25-CP)
- August 6, 2025: Record date and trading suspension for Kotak Mahindra Investments Limited (KMIL-7-8-25-CP)
- August 7, 2025: Record date and trading suspension for 12 companies including Bombay Burmah Trading, Sterlite Technologies, Mirae Asset Financial Services, and others
Impact Assessment
Medium impact on debt market liquidity for affected commercial paper instruments. Routine redemption process will temporarily reduce available trading instruments but reflects normal market operations. No broader market disruption expected as this is standard procedure for maturing commercial paper.
Impact Justification
Affects trading in commercial paper of 14 companies but is routine redemption process