Description

BSE suspends trading in commercial papers of 20 companies due to record dates fixed for redemption purposes between August 19-24, 2025.

Summary

BSE has suspended trading in commercial papers of 20 companies that have fixed record dates for redemption purposes. The suspensions are effective from August 19-24, 2025, with most companies having record dates on August 21-22, 2025. Trading members are advised not to deal in these commercial papers during the specified periods.

Key Points

  • 20 companies have fixed record dates for commercial paper redemption
  • Trading suspensions range from August 19-24, 2025
  • Most record dates are concentrated on August 21-22, 2025
  • Standard regulatory procedure for commercial paper redemptions
  • Notice issued under DR-697 to DR-700 series for 2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must not deal in the specified commercial papers during suspension periods
  • Companies must honor their commercial paper redemption obligations on record dates
  • Proper settlement procedures must be followed for redemptions

Important Dates

  • August 19, 2025: Record date and trading suspension for Standard Chartered Securities (India) Limited
  • August 21, 2025: Record date for 13 companies including Muthoot Capital, Mindspace REIT, Godrej Finance, and others
  • August 22, 2025: Record date for 6 companies including BOBCARD Limited, Axis Finance, and Tata Steel
  • August 24, 2025: Record date for Navi Finserv Limited and Titan Company Limited

Impact Assessment

Moderate impact on debt market liquidity as 20 commercial papers will be temporarily unavailable for trading. The staggered redemption dates help minimize concentrated market impact. This is routine corporate action with predictable market effects. Investors holding these commercial papers will receive redemption proceeds on respective record dates.

Impact Justification

Affects trading in commercial papers of 20 major companies but is routine corporate action with limited market disruption