Description
BSE suspends trading in commercial paper of 14 companies due to upcoming redemption record dates between August 5-7, 2025.
Summary
BSE has suspended trading in commercial paper of 14 companies effective August 5-7, 2025, due to record dates fixed for redemption purposes. Trading members are advised not to deal in the specified commercial paper securities during the suspension period.
Key Points
- 14 companies have fixed record dates for commercial paper redemption
- Suspensions effective from August 5-7, 2025
- Multiple companies have the same August 7, 2025 record date
- Each suspension has specific DR (Dealing Restriction) numbers assigned
- Notice applies to debt segment trading members
Regulatory Changes
No regulatory changes - this is a routine operational measure for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial paper securities from the effective dates
- Compliance with record date requirements for redemption purposes
- Adherence to dealing restriction orders (DR-688 through DR-690 series)
Important Dates
- August 5, 2025: Kotak Mahindra Investments Limited (KMIL-6-8-25-CP) suspension begins
- August 6, 2025: Kotak Mahindra Investments Limited (KMIL-7-8-25-CP) suspension begins
- August 7, 2025: 12 companies’ commercial paper suspensions begin including BBTC, STL, MAFSPL, KMPL, JBCP, IFPL, NFL, MOFSL, IOCL, ICICISL, HTML, and NWIL
Impact Assessment
Limited impact confined to debt segment commercial paper trading. Affects short-term liquidity for specific commercial paper securities but does not impact equity markets. Routine administrative action with temporary effect until redemption completion.
Impact Justification
Routine suspension for commercial paper redemption affecting multiple companies but limited to debt segment