Description
BSE suspends trading in commercial papers of Standard Chartered Securities (India) Limited and Bharat Heavy Electricals Ltd due to upcoming redemption.
Summary
BSE has suspended trading in commercial papers of Standard Chartered Securities (India) Limited and Bharat Heavy Electricals Ltd (BHEL) due to upcoming redemption activities. Trading members are advised not to deal in these securities from specified dates.
Key Points
- Three commercial papers are affected by trading suspension
- Standard Chartered Securities has two commercial papers with different maturity dates
- BHEL has one commercial paper scheduled for redemption
- No dealings allowed from record dates until redemption
Regulatory Changes
No regulatory changes. This is a standard operational notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the ’no dealings’ dates
- Compliance with record date requirements for redemption purposes
- Adherence to BSE circular DR-700/2025-2026 and DR-701/2025-2026
Important Dates
- August 22, 2025: Record date and no dealings start for SCSL-25-8-25-CP (INE472H14557) and BHEL-25-8-25-CP (INE257A14961)
- August 25, 2025: Record date and no dealings start for SCSL-26-8-25-CP (INE472H14565)
Impact Assessment
Limited market impact as this affects specific commercial papers nearing maturity. Standard procedure for debt instrument redemptions with temporary trading restrictions to facilitate orderly settlement.
Impact Justification
Temporary trading suspension affecting specific commercial papers with clear redemption dates