Description

BSE suspends trading in commercial papers of 15 companies due to redemption with record dates set for October 20 and 23, 2025.

Summary

BSE has notified trading members to suspend dealing in commercial papers of 15 companies that have fixed record dates for redemption purposes. The suspensions are effective from October 20, 2025 for 4 companies and October 23, 2025 for 11 companies. This is a routine corporate action to facilitate the redemption process of maturing commercial paper instruments.

Key Points

  • 15 companies have fixed record dates for commercial paper redemption
  • 4 commercial papers suspended from October 20, 2025 (Grasim Industries, Nuvama Wealth, Vivriti Capital, 360 ONE Prime)
  • 11 commercial papers suspended from October 23, 2025 (including Nuvama Wealth, Axis Securities, ICICI Home Finance, Julius Baer Capital, Godrej Housing Finance, Bajaj Housing Finance, Reliance Jio Infocomm, 360 ONE Prime, Navi Finserv, Infina Finance)
  • Trading members advised not to deal in these commercial papers from respective suspension dates
  • Notice issued under reference numbers DR-739/2025-2026 and DR-741/2025-2026

Regulatory Changes

No regulatory changes. This is a standard notification procedure for commercial paper redemptions as per existing debt market regulations.

Compliance Requirements

  • Trading members must not execute any deals in the specified commercial papers from the no-dealings date
  • Suspension remains in effect until redemption is completed
  • Trading members must ensure client orders in these instruments are blocked from the specified dates

Important Dates

  • October 14, 2025: Notice issued
  • October 20, 2025: Record date and no-dealings date for 4 commercial papers (Grasim, Nuvama, Vivriti, 360 ONE)
  • October 23, 2025: Record date and no-dealings date for 11 commercial papers (Nuvama, Axis Securities, ICICI Home Finance, Julius Baer, Nuvama Wealth Finance, Godrej Housing, Bajaj Housing, Reliance Jio, 360 ONE, Navi Finserv, Infina Finance)

Impact Assessment

Market Impact: Medium - affects debt market liquidity for these specific commercial paper instruments temporarily. Total of 15 commercial papers across major financial and corporate entities.

Investor Impact: Medium - investors holding these commercial papers should expect redemption proceeds as per terms. No trading possible from suspension date.

Operational Impact: Low - routine corporate action requiring standard suspension procedures by trading members. No unusual operational burden.

Impact Justification

Routine commercial paper redemptions affecting 15 companies. Standard corporate action with temporary trading suspension impacting debt market participants.