Description

BSE suspends trading in commercial papers of nine companies including Axis Finance, Standard Chartered Capital, Bajaj Housing Finance, and others due to upcoming redemptions between October 29-31, 2025.

Summary

BSE has suspended trading in commercial papers issued by nine companies effective from their respective record dates between October 29-31, 2025. The suspension is implemented to facilitate the redemption process of these debt instruments. Trading members are advised not to deal in these commercial papers from the specified dates.

Key Points

  • Nine commercial paper instruments suspended for redemption purposes
  • Suspensions effective between October 29-31, 2025 based on individual record dates
  • Trading members instructed not to deal in these securities from respective no-dealing dates
  • All suspensions relate to scheduled redemptions of commercial paper instruments
  • Notice references circulars DR-745/2025-2026, DR-746/2025-2026, and DR-747/2025-2026

Affected Commercial Papers

Record Date: October 29, 2025

  • Axis Finance Limited (AFL-30-10-25-CP, ISIN: INE891K14PE6, Code: 729911)
  • Standard Chartered Capital Limited (SCCL-30-10-25-CP, ISIN: INE403G14TO9, Code: 729945)
  • Bajaj Housing Finance Limited (BHFL-30-10-25-CP, ISIN: INE377Y14BN8, Code: 729948)
  • KEC International Ltd. (KEC-30-10-25-CP, ISIN: INE389H14LE6, Code: 729950)
  • Nuvama Wealth and Investment Limited (NWIL-30-10-25-CP, ISIN: INE523L14AL0, Code: 730392)

Record Date: October 30, 2025

  • SBICAP Securities Limited (SBICAPSL-31-10-25-CP, ISIN: INE212K14BU1, Code: 729818)

Record Date: October 31, 2025

  • Network 18 Media & Investments Limited (NMIL-3-11-25-CP, ISIN: INE870H14VP0, Code: 729955)
  • Indian Oil Corporation Ltd. (IOCL-03-11-25-CP, ISIN: INE242A14YE5, Code: 729967)
  • Tata Housing Development Company Limited (THDCL-03-11-25-CP, ISIN: INE582L14IS4, Code: 729969)

Compliance Requirements

  • Trading members must cease all dealing in the specified commercial papers from their respective no-dealing dates
  • Members holding these instruments should note the record dates for redemption purposes
  • All trading restrictions remain in effect until redemption is completed

Important Dates

  • October 29, 2025: Record date and no-dealing date for five commercial papers (Axis Finance, Standard Chartered Capital, Bajaj Housing Finance, KEC International, Nuvama Wealth)
  • October 30, 2025: Record date and no-dealing date for SBICAP Securities Limited commercial paper
  • October 31, 2025: Record date and no-dealing date for three commercial papers (Network 18, Indian Oil Corporation, Tata Housing Development)

Impact Assessment

This circular affects debt market participants holding or trading in commercial papers of the nine specified issuers. The suspensions are procedural and temporary, related to scheduled redemptions. Investors holding these instruments will receive redemption proceeds as per the terms of issuance. The impact is limited to the debt segment and does not affect equity trading of these companies. Trading members must adjust their portfolios and avoid transactions in these specific ISINs during the suspension period.

Impact Justification

Routine suspension affecting nine commercial paper instruments ahead of scheduled redemptions. Limited to debt market participants holding these specific securities.