Description
BSE suspends trading in commercial papers of 10 companies effective October 28, 2025, due to scheduled redemption on the record date.
Summary
BSE has announced the suspension of trading in commercial papers of 10 companies effective October 28, 2025. The suspension is due to the scheduled redemption of these commercial papers, with the record date set for October 28, 2025. Trading members are advised not to deal in these securities from the no-dealings date.
Key Points
- Trading suspended for commercial papers of 10 companies from October 28, 2025
- Suspension applies to debt segment only
- All affected securities have the same record date: October 28, 2025
- Notice Number: 20251023-43, Reference: DR-744/2025-2026
- Issued by Assistant Vice President – Listing Operations (CRD)
Affected Securities
| Company | ISIN | Scrip Code | No Dealings From |
|---|---|---|---|
| IndoStar Capital Finance Limited | INE896L14EJ6 | 728154 | 28/10/2025 |
| Standard Chartered Capital Limited | INE403G14SP8 | 728161 | 28/10/2025 |
| HDFC Securities Limited | INE700G14PF4 | 729928 | 28/10/2025 |
| Tata Power Co. Ltd | INE245A14KA5 | 729933 | 28/10/2025 |
| Navi Finserv Limited | INE342T14DW9 | 729938 | 28/10/2025 |
| KEC International Ltd. | INE389H14LD8 | 729940 | 28/10/2025 |
| Godrej Housing Finance Limited | INE02JD14625 | 729941 | 28/10/2025 |
| Axis Finance Limited | INE891K14PG1 | 729947 | 28/10/2025 |
| Aditya Birla Lifestyle Brands Limited | INE14LE14012 | 729953 | 28/10/2025 |
| Dalmia Cement (Bharat) Limited | INE755K14FK1 | 729956 | 28/10/2025 |
Regulatory Changes
No regulatory framework changes. This is a standard operational notice for commercial paper redemption procedures.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from October 28, 2025
- All transactions in these securities must cease before the record date
- Members should update their systems to reflect the trading suspension
Important Dates
- Notice Date: October 23, 2025
- Record Date: October 28, 2025
- No Dealings From: October 28, 2025
- Purpose: Redemption of Commercial Paper
Impact Assessment
Market Impact: Medium - affects debt market participants holding or trading these specific commercial papers. No impact on equity markets.
Operational Impact: Routine suspension for maturity redemption. Investors holding these securities will receive redemption proceeds as per terms. Trading members need to ensure compliance with the no-dealings instruction to avoid settlement issues.
Impact Justification
Routine suspension for commercial paper redemption affecting 10 issuers; limited to debt segment with no equity market impact