Description
Trading suspension announced for commercial papers of 6 companies due to upcoming redemption with record dates between September 3-5, 2025.
Summary
BSE has announced the suspension of trading in commercial papers of six companies effective from their respective record dates for redemption purposes. The suspensions range from September 3-5, 2025, affecting debt securities of major companies including Adani Enterprises, L&T Metro Rail, and Nuvama entities.
Key Points
- Six companies’ commercial papers will be suspended from trading
- Suspensions effective from record dates set for redemption purposes
- Trading members advised not to deal in the specified commercial papers
- Suspensions span from September 3-5, 2025
- All suspensions are for redemption of commercial paper
Regulatory Changes
No new regulatory changes introduced. This is a standard operational notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the no-dealings dates
- Companies must comply with record date fixation for commercial paper redemption
- Standard redemption procedures to be followed
Important Dates
- September 3, 2025: Record date and no-dealings start for Adani Enterprises Ltd., L&T Metro Rail, and Nuvama Wealth Management
- September 4, 2025: Record date for Tata Housing Development Company; no-dealings start for Infina Finance and Nuvama Wealth and Investment
- September 5, 2025: Record date for Infina Finance and Nuvama Wealth and Investment
Impact Assessment
Limited impact on overall market operations as this affects only commercial paper trading for specific companies. Investors holding these commercial papers should prepare for redemption. No impact on equity trading or other debt instruments of these companies.
Impact Justification
Affects trading of debt securities for multiple companies but limited to commercial paper redemptions