Description

BSE suspends trading in commercial paper of 9 companies from October 29-31, 2025 due to upcoming redemption record dates.

Summary

BSE has issued Notice No. 20251024-6 suspending trading in commercial paper of 9 companies effective from October 29-31, 2025. The suspension is due to companies fixing record dates for redemption of their commercial papers. Trading members are advised not to deal in the specified commercial papers during the suspension period.

Key Points

  • 9 companies have fixed record dates for commercial paper redemption
  • Trading suspension effective from respective record dates
  • 5 companies have suspension starting October 29, 2025
  • 1 company has suspension starting October 30, 2025
  • 3 companies have suspension starting October 31, 2025
  • All suspensions are for redemption purposes
  • Trading members must cease dealing in these securities from specified dates

Companies and Suspension Details

Effective October 29, 2025:

  • Axis Finance Limited (INE891K14PE6 - 729911)
  • Standard Chartered Capital Limited (INE403G14TO9 - 729945)
  • Bajaj Housing Finance Limited (INE377Y14BN8 - 729948)
  • KEC International Ltd. (INE389H14LE6 - 729950)
  • Nuvama Wealth and Investment Limited (INE523L14AL0 - 730392)

Effective October 30, 2025:

  • SBICAP Securities Limited (INE212K14BU1 - 729818)

Effective October 31, 2025:

  • Network 18 Media & Investments Limited (INE870H14VP0 - 729955)
  • Indian Oil Corporation Ltd. (INE242A14YE5 - 729967)
  • Tata Housing Development Company Limited (INE582L14IS4 - 729969)

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice following existing BSE procedures for commercial paper redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified commercial papers from the suspension dates
  • Brokers must update their systems to reflect trading suspension
  • Compliance with record date requirements for redemption processing
  • Reference circulars: DR-745/2025-2026, DR-746/2025-2026, and DR-747/2025-2026

Important Dates

  • October 24, 2025: Notice date
  • October 29, 2025: Trading suspension begins for 5 commercial papers (Record date for redemption)
  • October 30, 2025: Trading suspension begins for 1 commercial paper (Record date for redemption)
  • October 31, 2025: Trading suspension begins for 3 commercial papers (Record date for redemption)

Impact Assessment

Market Impact: Medium - affects debt market participants holding or trading these specific commercial papers. Limited broader market impact as this is routine redemption activity.

Operational Impact: Trading members must ensure compliance with suspension notices and update trading systems accordingly. Investors holding these commercial papers should note redemption dates.

Liquidity Impact: Temporary reduction in liquidity for affected commercial papers, though this is expected as part of normal redemption process. No trading will be permitted from suspension dates until redemption is completed.

Impact Justification

Routine trading suspension for commercial paper redemption affecting 9 issuers with defined suspension periods