Description
BSE suspends trading in commercial papers of BHEL, Balrampur Chini Mills, and HDFC Securities due to upcoming redemptions.
Summary
BSE has suspended trading in commercial papers of five instruments from three companies - Bharat Heavy Electricals Ltd. (BHEL), Balrampur Chini Mills Ltd., and HDFC Securities Limited - due to upcoming redemptions between September 1-4, 2025.
Key Points
- Trading suspension applies to 5 commercial paper instruments
- Three companies affected: BHEL (3 instruments), Balrampur Chini Mills (1 instrument), HDFC Securities (1 instrument)
- Record dates set for redemption purposes
- Trading members advised not to deal in these securities
Regulatory Changes
No regulatory changes - standard procedure for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the “No Dealings From” dates
- Compliance with record date requirements for redemption purposes
Important Dates
- September 1, 2025: BHEL-2-9-25-CP redemption and trading suspension
- September 2, 2025: BCML-3-9-25-CP redemption and trading suspension
- September 3, 2025: BHEL-4-9-25-CP redemption and trading suspension
- September 4, 2025: BHEL-8-9-25-CP and HSL-8-9-25-CP redemption and trading suspension
Impact Assessment
Limited impact as this affects specific commercial paper instruments nearing maturity. Standard market procedure with no broader market implications. Trading members and investors holding these instruments need to be aware of the suspension dates.
Impact Justification
Affects trading in specific commercial papers with defined redemption dates