Description
Trading suspension in commercial papers of 18 companies due to record dates fixed for redemption on August 19-20, 2025.
Summary
BSE has announced the suspension of trading in commercial papers of 18 companies that have fixed record dates for redemption purposes. Trading members are advised not to deal in these commercial papers from their respective record dates.
Key Points
- 18 companies have fixed record dates for commercial paper redemption
- Trading suspension effective from August 19-20, 2025 based on individual record dates
- Notice affects debt segment commercial paper instruments
- Trading members must cease dealings from the specified dates
Regulatory Changes
No regulatory changes introduced - this is a standard operational notice for scheduled commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from their respective record dates
- Adherence to suspension periods as outlined in the circular
- Recognition of redemption schedules for affected instruments
Important Dates
- August 19, 2025: Record date and no dealings start date for 9 companies (ICICI Securities, Godrej Finance, SBICAP Securities, HDFC Securities, 360 ONE Prime, Bajaj Financial Securities, UGRO Capital, Manappuram Finance, Reliance Jio Infocomm)
- August 20, 2025: Record date and no dealings start date for 9 companies (Julius Baer Capital India, SBICAP Securities, Infina Finance, Poonawalla Fincorp, Adani Enterprises, Bajaj Financial Securities, SBI Cards, Jio Credit, Axis Securities)
Impact Assessment
Moderate impact on debt market liquidity for affected commercial paper instruments. Standard operational procedure for scheduled redemptions with temporary trading restrictions. No broader market implications expected beyond the specific instruments listed.
Impact Justification
Affects multiple commercial paper instruments but limited to specific debt securities with scheduled redemptions