Description
BSE suspends trading in commercial papers of 9 companies including Axis Finance, Standard Chartered Capital, Bajaj Housing Finance, and others due to upcoming redemption dates.
Summary
BSE has announced the suspension of trading in commercial papers of 9 companies effective from their respective record dates. The suspensions are being implemented to facilitate the redemption of commercial paper as per the fixed record dates. Trading members are advised not to deal in these commercial papers from the specified dates.
Key Points
- 9 commercial papers suspended for redemption purposes
- Suspensions effective from October 29-31, 2025
- Trading members instructed not to deal in these securities from suspension dates
- All suspensions are routine corporate actions for commercial paper redemption
- Notice issued under reference numbers DR-745/2025-2026, DR-746/2025-2026, and DR-747/2025-2026
Regulatory Changes
No regulatory changes announced. This is a standard corporate action notice.
Compliance Requirements
- Trading members must not execute trades in the listed commercial papers from their respective “No Dealings” dates
- Investors holding these commercial papers should be aware of the redemption schedule
- Settlement must comply with the record dates specified for each security
Important Dates
October 29, 2025:
- Axis Finance Limited (INE891K14PE6) - Record Date & No Dealings From
- Standard Chartered Capital Limited (INE403G14TO9) - Record Date & No Dealings From
- Bajaj Housing Finance Limited (INE377Y14BN8) - Record Date & No Dealings From
- KEC International Ltd. (INE389H14LE6) - Record Date & No Dealings From
- Nuvama Wealth and Investment Limited (INE523L14AL0) - Record Date & No Dealings From
October 30, 2025:
- SBICAP Securities Limited (INE212K14BU1) - Record Date & No Dealings From
October 31, 2025:
- Network 18 Media & Investments Limited (INE870H14VP0) - Record Date & No Dealings From
- Indian Oil Corporation Ltd. (INE242A14YE5) - Record Date & No Dealings From
- Tata Housing Development Company Limited (INE582L14IS4) - Record Date & No Dealings From
Impact Assessment
Market Impact: Medium - affects debt segment liquidity for specific commercial papers but limited to 9 securities approaching maturity.
Investor Impact: Medium - holders of these commercial papers will receive redemption proceeds as per their holdings on the record date. No trading opportunity available from suspension date onwards.
Operational Impact: Low - routine corporate action that exchanges and trading members handle regularly. Standard settlement procedures apply for redemption.
Segment Affected: Debt market, specifically commercial paper segment. No impact on equity or derivatives markets.
Impact Justification
Routine suspension for commercial paper redemption affecting 9 securities with specific record dates. Standard corporate action with limited market-wide impact but important for holders of these specific instruments.