Description

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

Summary

BSE has suspended trading in commercial papers of 20 companies effective from their respective record dates between August 19-24, 2025. The suspension is due to upcoming redemption of commercial papers, with trading members advised not to deal in these securities from the specified no-dealing dates.

Key Points

  • 20 companies affected with commercial paper redemptions
  • Record dates range from August 19 to August 24, 2025
  • Trading suspension effective from respective record dates
  • Multiple reference numbers: DR-697, DR-699, DR-700 for 2025-2026
  • Companies span various sectors including finance, real estate, and manufacturing

Regulatory Changes

No regulatory changes - this is a routine operational notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the no-dealing dates
  • Companies must complete redemption process as per fixed record dates
  • Compliance with existing commercial paper redemption procedures

Important Dates

  • August 19, 2025: Record date and no-dealing date for Standard Chartered Securities
  • August 21, 2025: Record date and no-dealing date for 13 companies (MCSL, MBPREIT, TIAPL, GFL, PIICL, IHPL, JBIPL, BGHP, MOFL, RRVL, OPL, ABREL, VIT)
  • August 22, 2025: No-dealing date for 6 companies (NFL, BL, AFL, CNHICPL, TSL) with various record dates
  • August 24, 2025: Record date for Navi Finserv and Titan Company

Impact Assessment

Medium impact on debt market operations. While 20 companies are affected, this is a routine redemption process that temporarily removes liquidity from specific commercial paper securities. The staggered dates (August 19-24) help minimize concentrated market impact. Investors holding these commercial papers will receive redemption proceeds as scheduled.

Impact Justification

Affects 20 companies' commercial paper trading but is routine redemption process with limited market disruption