Description
BSE announces suspension of trading in commercial papers of three companies ahead of their redemption record dates.
Summary
BSE has announced the suspension of trading in commercial papers of three companies - Can Fin Homes Ltd., SBICAP Securities Limited, and Titan Company Limited - due to upcoming redemption record dates. Trading members are advised not to deal in these commercial papers effective September 4, 2025.
Key Points
- Three commercial papers suspended from trading due to redemption
- All suspensions effective from September 4, 2025
- Record dates range from September 4-7, 2025
- Notice issued under reference DR-708/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a routine operational notice for commercial paper redemption procedures.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from September 4, 2025
- Members should ensure their systems reflect the trading suspension
- Compliance with standard redemption procedures for commercial paper holders
Important Dates
- Can Fin Homes Ltd. (CFHL-8-9-25-CP): Record date September 4, 2025, no dealings from September 4, 2025
- SBICAP Securities Limited (SBICAPSL-08-09-25-CP): Record date September 5, 2025, no dealings from September 4, 2025
- Titan Company Limited (TCL-8-9-25-CP): Record date September 7, 2025, no dealings from September 4, 2025
Impact Assessment
Moderate operational impact limited to holders and traders of the specified commercial papers. The suspension ensures orderly redemption process and prevents trading post-record date. Market impact is minimal as this is a routine corporate action for debt securities reaching maturity.
Impact Justification
Routine suspension for commercial paper redemption affecting three issuers