Description
BSE suspends trading in commercial papers of 10 companies due to record dates fixed for redemption between August 8-11, 2025.
Summary
BSE has suspended trading in commercial papers of 10 companies that have fixed record dates for redemption purposes. The suspensions are effective from August 8-11, 2025, with trading members advised not to deal in these instruments.
Key Points
- 10 companies have fixed record dates for commercial paper redemption
- Trading suspension effective from respective record dates
- All suspensions relate to commercial paper redemptions
- Notice references DR-691/2025-2026 and DR-692/2025-2026
Regulatory Changes
No regulatory changes - standard procedure for commercial paper redemptions with record date fixation.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the “No Dealings From” dates
- Compliance with record date procedures for redemption purposes
Important Dates
- August 8, 2025: Record date and trading suspension for Julius Baer Capital, Kotak Mahindra Investments, HDFC Securities (first CP), and trading suspension for Sify Infinit Spaces
- August 10, 2025: Record date for Sify Infinit Spaces
- August 11, 2025: Record date and trading suspension for HDFC Securities (second CP), Motilal Oswal Finvest, 360 ONE WAM, Bajaj Financial Securities, Axis Securities, and Dhampur Bio Organics
Impact Assessment
Moderate impact on debt market liquidity for affected commercial papers. Trading suspension is temporary and follows standard redemption procedures. Market participants holding these instruments should prepare for redemption settlements on respective record dates.
Impact Justification
Trading suspension affects multiple commercial papers but limited to debt segment with specific redemption schedules