Description
Trading suspended in commercial paper of SBICAP Securities, HDFC Securities (2 issues), Adani Enterprises, Axis Securities, Navi Finserv, and 360 ONE Prime due to redemption between October 23-27, 2025.
Summary
BSE has announced the suspension of trading in commercial paper of seven securities issued by six companies, effective from their respective record dates. The suspensions are due to scheduled redemptions between October 23-27, 2025. Trading members are advised not to deal in these instruments from the specified no-dealings dates.
Key Points
- Seven commercial paper instruments suspended for trading
- Suspensions apply to SBICAP Securities, HDFC Securities (2 issues), Adani Enterprises, Axis Securities, Navi Finserv, and 360 ONE Prime
- All suspensions are for redemption purposes
- Record dates range from October 23-27, 2025
- Trading members instructed not to deal in these securities from respective no-dealings dates
Regulatory Changes
No regulatory changes introduced. This is a routine corporate action notification.
Compliance Requirements
- Trading members must not execute trades in the listed commercial paper from the specified no-dealings dates
- Compliance with record date requirements for redemption processing
- Trading members must update their systems to reflect trading suspensions
Important Dates
| Company | ISIN | Record Date | No Dealings From |
|---|---|---|---|
| SBICAP Securities Limited | INE212K14BV9 | October 23, 2025 | October 23, 2025 |
| HDFC Securities (HSL-27-10-25-CP) | INE700G14PC1 | October 24, 2025 | October 24, 2025 |
| Adani Enterprises | INE423A14XW5 | October 24, 2025 | October 24, 2025 |
| Axis Securities | INE110O14FZ9 | October 27, 2025 | October 27, 2025 |
| HDFC Securities (HSL-28-10-25-CP) | INE700G14OY8 | October 27, 2025 | October 27, 2025 |
| Navi Finserv | INE342T14DU3 | October 27, 2025 | October 27, 2025 |
| 360 ONE Prime | INE248U14RX4 | October 27, 2025 | October 27, 2025 |
Notice Date: October 20, 2025
Impact Assessment
Market Impact: Low to medium. Commercial paper redemptions are routine corporate actions. The suspensions affect short-term debt instruments and do not impact equity trading or broader market operations.
Operational Impact: Trading members must ensure their systems prevent inadvertent trades in these suspended securities. Investors holding these instruments should prepare for redemption settlements on the respective record dates.
Sector Impact: Affects the debt market segment, particularly commercial paper investors and traders. Multiple financial services companies (HDFC Securities, Axis Securities, SBICAP Securities, Navi Finserv, 360 ONE Prime) and one conglomerate (Adani Enterprises) involved.
Impact Justification
Routine trading suspension for commercial paper redemption affecting 7 securities from 6 companies. Standard corporate action with limited broader market impact but important for holders of these specific instruments.