Description
BSE suspends trading in commercial papers of six companies due to redemption with record dates between September 3-5, 2025.
Summary
BSE has suspended trading in commercial papers of six companies effective from their respective record dates for redemption purposes. The suspension affects Adani Enterprises Ltd., L&T Metro Rail (Hyderabad) Limited, Nuvama Wealth Management Limited, Tata Housing Development Company Limited, Infina Finance Private Limited, and Nuvama Wealth and Investment Limited.
Key Points
- Six companies’ commercial papers will have trading suspended
- Suspensions are due to redemption with fixed record dates
- Record dates range from September 3-5, 2025
- No dealings allowed from respective record dates
- All affected instruments are commercial papers in debt segment
Regulatory Changes
No new regulatory changes introduced. This is standard procedure for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from their respective record dates
- Members should ensure compliance with the suspension orders
- Proper handling of redemption processes as per established procedures
Important Dates
- September 3, 2025: Record date and no dealings start for AEL, LTMR, and NWML commercial papers
- September 4, 2025: Record date for THDCL and no dealings start for IFPL and NWIL
- September 5, 2025: Record date for IFPL and NWIL commercial papers
Impact Assessment
Limited impact as this affects specific commercial paper instruments nearing redemption. Trading members holding these instruments should prepare for redemption processes. No broader market impact expected as this is routine corporate action for maturing debt securities.
Impact Justification
Affects trading in commercial papers of multiple companies but limited to specific debt instruments