Description

BSE suspends trading in commercial papers of 11 companies due to record dates fixed for redemption between October 30 and November 7, 2025.

Summary

BSE has issued Notice No. 20251028-11 suspending trading in commercial papers of 11 companies that have fixed record dates for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified “no dealings” dates, which range from October 30 to November 6, 2025.

Key Points

  • 11 companies have fixed record dates for commercial paper redemption
  • Trading suspension affects commercial papers with redemptions scheduled between October 30 and November 7, 2025
  • Notice issued under Corporate Actions category for Debt segment
  • Trading members must cease dealings from specified dates (typically 1 day before record date)
  • Each commercial paper has unique ISIN and BSE code for identification

Regulatory Changes

No new regulatory changes. This is a standard operational notice implementing existing record date procedures for commercial paper redemptions.

Compliance Requirements

  • Trading members must not execute any trades in the listed commercial papers from the specified “no dealings” dates
  • Members should update their systems to block trading in these securities:
    • BFSL-31-10-25-CP (INE01C314DA9) - No dealings from October 30, 2025
    • NFL-6-11-25-CP (INE342T14DY5) - No dealings from November 4, 2025
    • IHFC-6-11-25-CP (INE071G14GZ7) - No dealings from November 4, 2025
    • N18MIL-06-11-25-CP (INE870H14VQ8) - No dealings from November 4, 2025
    • SPTL-06-11-25-CP (INE941D14725) - No dealings from November 4, 2025
    • 360OWL-06-11-25-CP (INE466L14ER1) - No dealings from November 4, 2025
    • SL-6-11-25-CP (INE211H14AD7) - No dealings from November 4, 2025
    • BCL-06-11-25-CP (INE340A14148) - No dealings from November 4, 2025
    • NFL-07-11-25-CP (INE342T14DZ2) - No dealings from November 6, 2025
    • BHFL-07-11-25-CP (INE377Y14BO6) - No dealings from November 6, 2025
    • PFL-7-11-25-CP (INE511C14YT7) - No dealings from November 6, 2025

Important Dates

  • October 28, 2025: Notice date
  • October 30, 2025: Trading suspension and record date for Bajaj Financial Securities Limited CP
  • November 4, 2025: Trading suspension for 7 commercial papers (Navi Finserv, ICICI Home Finance, Network 18, Sikka Ports, 360 One WAM, Sharekhan, Birla Corporation)
  • November 5, 2025: Record date for 6 commercial papers
  • November 6, 2025: Trading suspension for 3 commercial papers (Navi Finserv, Bajaj Housing Finance, Poonawalla Fincorp)
  • November 7, 2025: Record date for 3 commercial papers

Impact Assessment

Market Impact: Medium - Affects liquidity in commercial papers of 11 companies across various sectors including financial services, media, infrastructure, and manufacturing. Investors holding these instruments should be aware of the trading suspension ahead of redemption.

Operational Impact: Trading desks and debt market participants must update their systems to prevent inadvertent trading in suspended securities. Portfolio managers should note redemption schedules for cash flow planning.

Investor Impact: Holders of these commercial papers will receive redemption proceeds on the respective record dates. No trading opportunities available during suspension period, but this is expected as part of normal redemption process.

Impact Justification

Affects trading of commercial papers for 11 companies with specific suspension dates; impacts debt market participants dealing with these instruments but limited to short-term commercial paper redemptions.