Description

BSE suspends trading in commercial paper of 15 companies due to upcoming redemption with record dates on October 20 and 23, 2025.

Summary

BSE has issued Notice No. 20251014-12 suspending trading in commercial paper of 15 companies that have fixed record dates for redemption purposes. Trading members are advised not to deal in these commercial papers effective from the specified no-dealings dates.

Key Points

  • 15 commercial paper instruments suspended from trading
  • 4 instruments with record date October 20, 2025 (no dealings from October 20)
  • 11 instruments with record date October 23, 2025 (no dealings from October 23)
  • Suspensions are for redemption of commercial paper
  • All instruments are in the debt segment
  • Reference notices: DR-739/2025-2026 and DR-741/2025-2026

Regulatory Changes

No regulatory changes. This is a routine corporate action notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the respective no-dealings dates
  • Trading members should update their systems to prevent transactions in these instruments
  • All market participants must adhere to the trading suspension effective from specified dates

Important Dates

Record Date: October 20, 2025 (No Dealings From: October 20, 2025)

  • Grasim Industries Ltd (INE047A14AL3, Code: 729889)
  • Nuvama Wealth and Investment Limited (INE523L14AD7, Code: 729895)
  • VIVRITI CAPITAL LIMITED (INE01HV14870, Code: 729899)
  • 360 ONE Prime Limited (INE248U14RU0, Code: 729901)

Record Date: October 23, 2025 (No Dealings From: October 23, 2025)

  • Nuvama Wealth and Investment Limited (INE523L14872, Code: 728451)
  • Axis Securities Limited (INE110O14FY2, Code: 729724)
  • ICICI HOME FINANCE COMPANY LIMITED (INE071G14GY0, Code: 729897)
  • Julius Baer Capital (India) Private Limited (INE824H14SB3, Code: 729898)
  • Nuvama Wealth Finance Limited (INE918K14CM8, Code: 729902)
  • Godrej Housing Finance Limited (INE02JD14617, Code: 729905)
  • Bajaj Housing Finance Limited (INE377Y14BM0, Code: 729906)
  • Reliance Jio Infocomm Limited (INE110L14UF6, Code: 729907)
  • 360 ONE Prime Limited (INE248U14RV8, Code: 729908)
  • Navi Finserv Limited (INE342T14DT5, Code: 729910)
  • Infina Finance Private Limited (INE879F14LD2, Code: 729915)

Impact Assessment

Market Impact: Medium - Affects debt market liquidity for 15 commercial paper instruments temporarily. Routine corporate action with no systemic implications.

Operational Impact: Trading members dealing in commercial paper must ensure compliance with suspension from specified dates. System updates required to block trading in affected securities.

Investor Impact: Holders of these commercial papers approaching redemption dates. No new positions can be created from the no-dealings dates. Redemption will proceed as scheduled on respective record dates.

Sectoral Impact: Affects major financial services, housing finance, telecom (Reliance Jio), and industrial (Grasim) sectors. Standard redemption process with no adverse implications.

Impact Justification

Routine suspension of commercial paper trading ahead of scheduled redemption affecting 15 debt instruments from major companies