Description

BSE suspends trading in commercial papers of 14 companies due to redemption with record dates between August 5-7, 2025.

Summary

BSE has suspended trading in commercial papers of 14 companies effective from their respective record dates between August 5-7, 2025. The suspension is due to redemption of commercial papers, and trading members are advised not to deal in these instruments from the specified dates.

Key Points

  • 14 companies’ commercial papers affected by trading suspension
  • Suspensions effective from August 5-7, 2025 based on individual record dates
  • Action taken due to redemption of commercial papers
  • Trading members advised to cease dealings in affected instruments
  • All suspensions fall under debt segment category

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from their respective record dates
  • Compliance with redemption process requirements for affected companies
  • Adherence to BSE debt segment trading rules

Important Dates

  • August 5, 2025: Record date and no dealings from date for Kotak Mahindra Investments Limited (KMIL-6-8-25-CP)
  • August 6, 2025: Record date and no dealings from date for Kotak Mahindra Investments Limited (KMIL-7-8-25-CP)
  • August 7, 2025: Record date and no dealings from date for 12 companies including BBTC, STL, MAFSPL, KMPL, JBCP, IFPL, NFL, MOFSL, IOCL, ICICISL, HTML, and NWIL

Impact Assessment

Market Impact: Limited to debt segment commercial paper market. Affects liquidity for 14 specific commercial paper instruments but represents standard redemption process.

Operational Impact: Trading members need to update their systems to prevent dealings in affected commercial papers. Companies will proceed with scheduled redemptions as per their corporate actions calendar.

Investor Impact: Holders of these commercial papers will receive redemption proceeds as per the redemption terms. No impact on equity trading or other debt instruments of these companies.

Impact Justification

Affects 14 companies' commercial paper trading but limited to debt segment with specific redemption dates