Description
BSE suspends trading in commercial papers of 9 companies due to upcoming redemption record dates between September 1-3, 2025.
Summary
BSE has suspended trading in commercial papers of 9 companies effective from their respective record dates (September 1-3, 2025) for redemption purposes. Trading members are advised not to deal in these instruments from the specified dates.
Key Points
- Trading suspension applies to 9 commercial paper instruments from 6 companies
- Suspensions effective from September 1-3, 2025 based on individual record dates
- Action taken due to companies fixing record dates for commercial paper redemption
- Trading members must cease dealing in affected instruments from specified dates
Regulatory Changes
No new regulatory changes introduced. Standard procedure for commercial paper redemption record dates.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from their respective record dates
- Adherence to suspension notices DR-705/2025-2026, DR-706/2025-2026, and DR-707/2025-2026
Important Dates
- September 1, 2025: Trading suspension for HDFC Securities Limited (HSL-2-9-25-CP) and Kirloskar Ferrous Industries Ltd. (KFIL-2-9-25-CP)
- September 2, 2025: Trading suspension for Pilani Investment, HDFC Securities (HSL-3-9-25-CP), GIC Housing Finance, KEC International, and Redington Limited commercial papers
- September 3, 2025: Trading suspension for HDFC Securities (HSL-4-9-25-CP) and KEC International (KIL-4-9-25-CP) commercial papers
Impact Assessment
Limited impact on overall debt market as suspensions are temporary and specific to redemption activities. Affects liquidity in the specified commercial paper instruments during the suspension period. No broader market implications expected.
Impact Justification
Affects multiple commercial paper instruments but limited to specific redemption periods