Description
BSE suspends trading in commercial paper of 10 companies due to upcoming redemption with record dates between August 8-12, 2025.
Summary
BSE has suspended trading in commercial paper of 10 companies effective from their respective record dates (August 8-12, 2025) due to scheduled redemptions. Trading members are advised not to deal in these commercial paper instruments from the specified dates.
Key Points
- 10 companies affected with commercial paper redemptions
- Record dates range from August 8 to August 12, 2025
- Trading suspension effective from respective record dates
- Multiple financial services companies included (HDFC Securities, Axis Finance, Bajaj Financial Securities)
- Media companies also affected (Network 18, HT Media)
Regulatory Changes
No new regulatory changes - standard procedure for commercial paper redemptions requiring trading suspension from record date.
Compliance Requirements
- Trading members must not deal in the specified commercial paper from record dates
- Comply with redemption procedures for each instrument
- Follow standard settlement processes for maturing commercial paper
Important Dates
- August 8, 2025: Record date and trading suspension for Standard Chartered Securities (SCSIL)
- August 12, 2025: Record date and trading suspension for remaining 9 companies
Impact Assessment
Limited impact on overall market as this affects only commercial paper instruments of specific companies. Debt market participants holding these instruments should prepare for redemption. No impact on equity trading or broader market operations.
Impact Justification
Affects multiple commercial paper instruments but limited to specific debt securities rather than equity trading