Description

BSE suspends trading in commercial papers of 23 companies due to upcoming redemptions with record dates between August 26-September 1, 2025.

Summary

BSE has suspended trading in commercial papers of 23 companies effective from August 26-29, 2025, due to upcoming redemptions. The suspension applies to companies that have fixed record dates for commercial paper redemption purposes between August 26 and September 1, 2025.

Key Points

  • 23 companies affected with commercial paper suspensions
  • Record dates range from August 26 to September 1, 2025
  • Trading members advised not to deal in these commercial papers
  • All suspensions are for redemption purposes
  • Notice references DR-702 through DR-705 series for 2025-2026

Regulatory Changes

No new regulatory changes - this is standard procedure for commercial paper redemptions when record dates are fixed.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the stated dates
  • Members must comply with the suspension notices DR-702/2025-2026 through DR-705/2025-2026

Important Dates

  • August 26, 2025: No dealings from this date for SBICAP Securities and Birla Corporation commercial papers
  • August 27, 2025: Record date for SBICAP Securities Limited
  • August 26, 2025: Record date for Birla Corporation Ltd
  • August 28, 2025: No dealings and record date for 11 companies including ICICI Securities, Kotak Mahindra, HDFC Securities, Indian Oil Corporation, L&T, Reliance entities
  • August 29, 2025: No dealings and record date for 4 companies including Axis Securities, Nuvama Wealth, CaratLane, Ramco Cements
  • September 1, 2025: No dealings and record date for 6 companies including Axis Finance, Bajaj Financial Securities, Aditya Birla Housing Finance

Impact Assessment

Moderate impact on debt market liquidity for affected commercial papers. This is routine market operation that ensures orderly redemption process. Investors holding these instruments should be aware of the trading suspensions. No broader market disruption expected as this follows standard redemption procedures.

Impact Justification

Affects multiple commercial paper instruments but is routine redemption process with limited market disruption