Description

BSE suspends trading in commercial paper for 25 companies due to record dates set for redemption between August 26-September 1, 2025.

Summary

BSE has suspended trading in commercial paper of 25 companies that have fixed record dates for redemption purposes. The suspensions are effective from August 26, 2025 to September 1, 2025, with trading members advised not to deal in these securities during the specified periods.

Key Points

  • 25 companies have fixed record dates for commercial paper redemption
  • Trading suspension periods range from August 26 to September 1, 2025
  • All suspensions are in the debt segment for commercial paper securities
  • Notice references DR-702/2025-2026 through DR-705/2025-2026
  • Companies include major financial institutions, corporates, and industrial firms

Regulatory Changes

No regulatory changes - this is standard procedure for commercial paper redemption where trading is suspended from the record date.

Compliance Requirements

  • Trading members must not deal in the specified commercial paper securities from the respective record dates
  • All transactions in these securities must cease during suspension periods
  • Members must ensure compliance with the no-dealing restrictions

Important Dates

  • August 26, 2025: Record date for SBICAP Securities and Birla Corporation commercial paper
  • August 28, 2025: Record date for 12 companies including ICICI Securities, Kotak Mahindra Investments, Bajaj Housing Finance
  • August 29, 2025: Record date for 4 companies including Axis Securities and Nuvama Wealth Finance
  • September 1, 2025: Record date for 7 companies including Bajaj Financial Securities and Motilal Oswal Financial Services

Impact Assessment

Moderate impact on debt market liquidity as multiple commercial paper instruments will be unavailable for trading. The suspensions are temporary and part of normal redemption process. Financial sector companies represent significant portion of affected securities, which may impact short-term money market operations for institutional investors.

Impact Justification

Affects trading in commercial paper of 25 major companies but is routine redemption process