Description
BSE suspends trading in commercial papers of 23 companies due to upcoming redemption with record date August 25-27, 2025.
Summary
BSE has suspended trading in commercial papers of 23 companies effective August 25-27, 2025, due to upcoming redemptions. The suspension affects companies including Reliance Retail Ventures Limited, J.K. Cement Ltd, Motilal Oswal Financial Services Limited, and HDFC Securities Limited among others.
Key Points
- Trading suspension applies to 23 companies’ commercial papers
- Record dates set for August 25-27, 2025 for redemption purposes
- Trading members advised not to deal in these commercial papers from specified dates
- Multiple financial services and investment companies affected
- Covers various sectors including retail, cement, financial services, and housing finance
Regulatory Changes
No regulatory changes - standard procedure for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the “No Dealings From” dates
- Compliance with record date requirements for redemption process
- Adherence to BSE circular DR-701/2025-2026 and DR-702/2025-2026
Important Dates
- August 25, 2025: Record date and no dealing date for majority of commercial papers (17 companies)
- August 26, 2025: No dealing date for 5 companies with August 26-27 record dates
- August 27, 2025: Record date for Credila Financial Services Limited
Impact Assessment
Limited impact on overall market operations as this affects specific debt instruments nearing maturity. Companies and investors holding these commercial papers need to prepare for redemption process. No impact on equity trading or other debt instruments.
Impact Justification
Affects trading in multiple commercial papers but limited to specific debt instruments with short-term impact