Description
BSE suspends trading in commercial papers of Standard Chartered Securities and BHEL for redemption purposes.
Summary
BSE has suspended trading in commercial papers of Standard Chartered Securities (India) Limited and Bharat Heavy Electricals Ltd. due to record dates being fixed for redemption purposes. Trading members are advised not to deal in these specific commercial papers from the specified dates.
Key Points
- Trading suspension applies to specific commercial papers only
- Two companies affected: Standard Chartered Securities and BHEL
- Suspension is due to record date fixation for redemption
- Different record dates for different commercial papers
Regulatory Changes
No regulatory changes - this is a standard operational procedure for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the no-dealings date
- Compliance with record date procedures for redemption
Important Dates
- SCSL-25-8-25-CP (INE472H14557): Record Date 22/08/2025, No dealings from 22/08/2025
- BHEL-25-8-25-CP (INE257A14961): Record Date 22/08/2025, No dealings from 22/08/2025
- SCSL-26-8-25-CP (INE472H14565): Record Date 25/08/2025, No dealings from 25/08/2025
Impact Assessment
Limited impact as this affects only specific commercial papers scheduled for redemption. This is a routine operational measure that ensures proper settlement of maturing commercial papers. Trading in other securities of these companies remains unaffected.
Impact Justification
Routine suspension for redemption purposes affecting specific commercial papers only