Description
Trading suspended in commercial papers of Adani Enterprises Ltd and Kotak Mahindra Investments Limited due to redemption with record date August 26, 2025.
Summary
BSE has suspended trading in commercial papers of two companies - Adani Enterprises Ltd and Kotak Mahindra Investments Limited - effective August 26, 2025, due to redemption with record date set for the same day.
Key Points
- Trading suspension applies to specific commercial paper issues only
- Both companies have fixed August 26, 2025 as record date for redemption
- Trading members advised not to deal in these commercial papers from August 26, 2025
- Suspension is temporary and related to redemption process
Regulatory Changes
No regulatory changes - this is a standard operational procedure for commercial paper redemption.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from August 26, 2025
- Adherence to record date requirements for redemption purposes
Important Dates
- August 26, 2025: Record date for redemption and start of trading suspension for both commercial papers
Impact Assessment
Minimal market impact as this affects only specific commercial paper instruments. Routine corporate action with temporary trading restrictions. No impact on equity trading of the underlying companies.
Impact Justification
Routine suspension for commercial paper redemption affecting specific debt instruments only