Description
BSE suspends trading in commercial paper for 14 companies due to redemption record dates between August 5-8, 2025.
Summary
BSE has suspended trading in commercial paper for 14 companies that have fixed record dates for redemption purposes. Trading members are advised not to deal in these commercial papers during the specified suspension periods.
Key Points
- 14 companies have fixed record dates for commercial paper redemption
- Trading suspension periods range from August 5-8, 2025
- Each suspension corresponds to the respective record date
- Trading members must avoid dealing in the specified commercial papers
Regulatory Changes
No regulatory changes - standard procedure for commercial paper redemption record dates.
Compliance Requirements
- Trading members must not deal in the specified commercial papers during suspension periods
- Suspension applies from the record date for each respective company
- Multiple reference numbers provided (DR-688 to DR-690/2025-2026)
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’ trading suspension begins including BBTC, STL, MAFSPL, KMPL, JBCP, IFPL, NFL, MOFSL, IOCL, ICICISL, HTML, and NWIL
Impact Assessment
Medium impact on debt market participants dealing in commercial paper. Multiple large financial institutions and corporations affected including Kotak Mahindra entities, Indian Oil Corporation, ICICI Securities, and Motilal Oswal Financial Services. Short-term trading restrictions align with standard redemption procedures.
Impact Justification
Affects trading in commercial paper of 14 companies but limited to short-term redemption periods