Description

BSE suspends trading in commercial paper of 14 companies ahead of redemption dates between October 14-21, 2025. Trading members advised not to deal in these securities.

Summary

BSE has issued a suspension notice for trading in commercial paper (CP) of 14 companies due to upcoming redemption dates. Trading members are advised not to deal in these securities from their respective no-dealings dates, which range from October 14 to October 21, 2025. This is a standard corporate action taken to facilitate orderly redemption of maturing commercial paper.

Key Points

  • 14 companies affected by trading suspension for commercial paper redemption
  • Suspension dates range from October 14, 2025 to October 21, 2025
  • Trading members explicitly advised not to deal in the listed commercial paper
  • Issuers include major financial institutions and corporations: Kotak Mahindra entities, Mankind Pharma, Tata Steel, Bajaj entities, Reliance Jio, Aditya Birla Housing Finance, and others
  • Notice reference: DR-735, DR-737, and DR-738/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice for corporate action related to debt instrument redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified commercial paper from the respective no-dealings dates
  • Members must ensure compliance with suspension dates to avoid settlement issues
  • Record dates must be observed for redemption processing

Important Dates

October 14, 2025:

  • Kotak Mahindra Prime Limited (KMPL-15-10-25-CP, INE916D145V1) - No dealings from October 14

October 16, 2025:

  • Mankind Pharma Limited (MPL-17-10-25-CP, INE634S14039) - No dealings from October 16
  • TATA STEEL LIMITED (TSL-17-10-25-CP, INE081A14FY4) - No dealings from October 16
  • CNH Industrial Capital India (CICPL-17-10-25-CP, INE0P4D14218) - No dealings from October 16
  • Kotak Mahindra Investments Limited (KMIL-17-10-25-CP, INE975F14C09) - No dealings from October 16
  • Kotak Mahindra Prime Limited (KMPL-17-10-25-CP, INE916D145W9) - No dealings from October 16

October 17, 2025:

  • Aarti Industries Ltd (AIL-20-10-25-CP, INE769A14932) - No dealings from October 17
  • Reliance Jio Infocomm Limited (RJIL-20-10-25-CP, INE110L14UD1) - No dealings from October 17
  • IGH Holdings Private Limited (IHPL-21-10-25-CP, INE02FN14580) - No dealings from October 17
  • Bajaj Housing Finance Limited (BHFL-20-10-25-CP, INE377Y14BL2) - No dealings from October 17
  • Julius Baer Capital India (JBCIPL-20-10-25-CP, INE824H14SA5) - No dealings from October 17
  • Bajaj Financial Securities Limited (BFSL-20-10-25-CP, INE01C314CH6) - No dealings from October 17
  • Aditya Birla Housing Finance Limited (ABHFL-20-10-25-CP, INE831R14FC2) - No dealings from October 17
  • Tata Housing Development Company Limited (THDCL-20-10-25-CP, INE582L14IR6) - No dealings from October 17

Impact Assessment

Market Impact: Medium - Affects liquidity in commercial paper market for 14 issuers but is a routine corporate action with no unexpected disruption.

Investor Impact: Low to Medium - Investors holding these commercial papers should be aware of the suspension and plan for redemption proceeds. No trading possible from suspension dates.

Operational Impact: Medium - Trading members must update their systems to prevent inadvertent trades in suspended securities. Compliance teams need to monitor and enforce trading restrictions.

Sector Focus: Financial services sector most impacted with multiple Kotak Mahindra entities, Bajaj entities, and housing finance companies included in the list.

Impact Justification

Routine suspension of commercial paper trading ahead of scheduled redemptions affecting 14 issuers. Standard operational procedure with limited market-wide impact but important for debt market participants.