Description

BSE suspends trading in commercial papers of 24 companies due to upcoming redemptions with record dates between August 26-29, 2025.

Summary

BSE has suspended trading in commercial papers of 24 companies effective from August 26-29, 2025, due to upcoming redemptions. The suspension affects major financial institutions and corporations including SBICAP Securities, Birla Corporation, ICICI Securities, Bajaj Housing Finance, HDFC Securities, Indian Oil Corporation, Larsen & Toubro, and Reliance group companies.

Key Points

  • 24 companies have fixed record dates for commercial paper redemption
  • Trading suspension dates range from August 26 to September 1, 2025
  • Record dates fall between August 26-29, 2025
  • All suspensions are for commercial paper redemption purposes
  • Trading members advised not to deal in these securities from specified dates

Regulatory Changes

No regulatory changes - this is routine market procedure for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the “no dealings” dates
  • Companies must complete redemption process as per fixed record dates
  • All transactions must comply with debt security trading regulations

Important Dates

  • August 26, 2025: No dealings start for BCL and SBICAP Securities
  • August 27, 2025: Record date for SBICAP Securities
  • August 28, 2025: No dealings start for 13 companies; record date for multiple companies
  • August 29, 2025: No dealings start for 4 companies; record date for several companies
  • September 1, 2025: No dealings start for 6 companies; record date for final batch

Impact Assessment

Moderate impact on debt market liquidity for affected commercial papers. Routine redemption process ensures orderly market functioning. Major financial institutions and corporations involved suggest significant volume of commercial paper redemptions. No disruption to equity trading or other debt instruments expected.

Impact Justification

Affects 24 major companies' commercial paper trading but is routine redemption process