Description
BSE suspends trading in commercial paper of 15 companies due to record date for redemption on August 18, 2025.
Summary
BSE has suspended trading in commercial paper of 15 companies effective August 18, 2025, due to record date fixation for redemption purposes. Trading members are advised not to deal in these instruments from the specified date.
Key Points
- 15 companies have fixed August 18, 2025 as record date for commercial paper redemption
- Trading suspension effective from August 18, 2025
- All affected instruments are commercial paper securities
- Notice issued under reference DR-696/2025-2026
Regulatory Changes
No regulatory framework changes. Standard procedure for commercial paper redemption requiring trading suspension.
Compliance Requirements
- Trading members must not deal in the specified commercial paper instruments from August 18, 2025
- Compliance with record date requirements for redemption process
Important Dates
- Record Date: August 18, 2025
- Trading Suspension Date: August 18, 2025
- Notice Date: August 13, 2025
Impact Assessment
Medium impact on debt market liquidity for affected commercial paper instruments. Temporary suspension affects 15 issuers including major financial institutions like ICICI Securities, Godrej Finance, HDFC Securities, and Axis Finance. Impact is time-limited to redemption process completion.
Impact Justification
Affects trading in multiple commercial paper instruments but limited to specific redemption event