Description

BSE announces suspension of trading in commercial papers of Can Fin Homes, SBICAP Securities, and Titan Company ahead of their redemption 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 dates. Trading members are advised not to deal in these specific commercial papers effective from September 4, 2025.

Key Points

  • Three commercial papers will be suspended from trading on September 4, 2025
  • Suspensions are due to record dates fixed for redemption purposes
  • Can Fin Homes CP (CFHL-8-9-25-CP) has record date of September 4, 2025
  • SBICAP Securities CP (SBICAPSL-08-09-25-CP) has record date of September 5, 2025
  • Titan Company CP (TCL-8-9-25-CP) has record date of September 7, 2025
  • All three instruments cease trading from the same date (September 4, 2025)

Regulatory Changes

No regulatory changes announced. 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
  • Proper communication to clients holding these instruments is recommended

Important Dates

  • September 4, 2025: Trading suspension begins for all three commercial papers
  • September 4, 2025: Record date for Can Fin Homes CP redemption
  • September 5, 2025: Record date for SBICAP Securities CP redemption
  • September 7, 2025: Record date for Titan Company CP redemption

Impact Assessment

The suspension affects holders of specific commercial paper instruments scheduled for redemption. This is a standard procedure to ensure orderly settlement and redemption process. Investors holding these instruments will receive redemption proceeds as per the original terms. The impact is limited to these specific debt instruments and does not affect equity trading or other debt securities of these companies.

Impact Justification

Routine commercial paper redemption process affecting specific debt instruments with standard trading suspension procedures