Description
BSE suspends trading in commercial paper of BHEL, Balrampur Chini Mills, and HDFC Securities due to upcoming redemptions.
Summary
BSE has suspended trading in commercial paper of five issues from three companies effective from their respective record dates due to upcoming redemptions. The suspension affects Bharat Heavy Electricals Ltd. (3 issues), Balrampur Chini Mills Ltd. (1 issue), and HDFC Securities Limited (1 issue).
Key Points
- Trading suspension applies to commercial paper instruments only
- Five different commercial paper issues affected across three companies
- Suspensions are effective from respective record dates starting September 1, 2025
- Trading members advised not to deal in these specific commercial papers
Regulatory Changes
No regulatory changes - this is a routine operational suspension for redemption purposes.
Compliance Requirements
- Trading members must not deal in the specified commercial paper from the effective dates
- All trading activity in these instruments must cease from respective record dates
Important Dates
- September 1, 2025: BHEL-2-9-25-CP suspension effective
- September 2, 2025: BCML-3-9-25-CP suspension effective
- September 3, 2025: BHEL-4-9-25-CP suspension effective
- September 4, 2025: BHEL-8-9-25-CP and HSL-8-9-25-CP suspension effective
Impact Assessment
Limited impact as this affects specific commercial paper instruments nearing maturity. Market participants holding these instruments should prepare for redemption. No impact on equity trading of the underlying companies.
Impact Justification
Routine suspension affecting specific debt instruments with defined redemption dates