Description
BSE suspends trading in commercial papers of Standard Chartered Securities India Ltd 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 effective from their respective record dates due to scheduled redemption of these instruments.
Key Points
- Trading suspension applies to specific commercial paper issues with defined record dates
- Three commercial paper instruments affected from two companies
- Suspension effective from record dates: August 22 and August 25, 2025
- Trading members advised not to deal in these instruments
Regulatory Changes
No regulatory framework changes - standard procedure for commercial paper redemption.
Compliance Requirements
- Trading members must not deal in the specified commercial paper instruments from the suspension dates
- Compliance with BSE circular DR-700/2025-2026 and DR-701/2025-2026
Important Dates
- August 22, 2025: Record date and trading suspension for SCSL-25-8-25-CP and BHEL-25-8-25-CP
- August 25, 2025: Record date and trading suspension for SCSL-26-8-25-CP
Impact Assessment
Limited market impact as this affects only commercial paper instruments nearing maturity. Standard corporate action with no broader market implications beyond the specific debt securities mentioned.
Impact Justification
Routine commercial paper redemption affecting limited debt instruments