Description
BSE suspends trading in commercial paper of 11 companies from October 30 to November 6, 2025 for redemption purposes.
Summary
BSE has issued a notice suspending trading in commercial paper (CP) of 11 companies to facilitate redemption. Trading members are advised not to deal in these commercial papers starting from the specified “No Dealings From” dates, which range from October 30 to November 6, 2025. The suspensions correspond to the record dates set by respective companies for CP redemption.
Key Points
- 11 companies have set record dates for commercial paper redemption
- Trading suspension periods range from October 30 to November 6, 2025
- Bajaj Financial Securities Limited CP matures on October 30, 2025
- Eight CPs have record dates between November 4-6, 2025
- Trading members are explicitly prohibited from dealing in these securities during suspension
- Notice categorized under Corporate Actions in the Debt segment
Regulatory Changes
No regulatory changes. This is a standard operational notice for commercial paper redemption.
Compliance Requirements
- Trading members must not execute any trades in the listed commercial papers from the specified “No Dealings From” dates
- Trading members must ensure their systems reflect the suspension to prevent inadvertent transactions
- Compliance with the record dates set by respective companies for redemption purposes
Important Dates
| Company | ISIN | Record Date | No Dealings From |
|---|---|---|---|
| Bajaj Financial Securities Limited | INE01C314DA9 | 30/10/2025 | 30/10/2025 |
| Navi Finserv Limited (NFL-6-11-25-CP) | INE342T14DY5 | 05/11/2025 | 04/11/2025 |
| ICICI HOME FINANCE COMPANY LIMITED | INE071G14GZ7 | 05/11/2025 | 04/11/2025 |
| Network 18 Media & Investments Limited | INE870H14VQ8 | 04/11/2025 | 04/11/2025 |
| SIKKA PORTS & TERMINALS LTD | INE941D14725 | 05/11/2025 | 04/11/2025 |
| 360 ONE WAM LIMITED | INE466L14ER1 | 04/11/2025 | 04/11/2025 |
| Sharekhan Limited | INE211H14AD7 | 04/11/2025 | 04/11/2025 |
| Birla Corporation Ltd. | INE340A14148 | 04/11/2025 | 04/11/2025 |
| Navi Finserv Limited (NFL-07-11-25-CP) | INE342T14DZ2 | 06/11/2025 | 06/11/2025 |
| Bajaj Housing Finance Limited | INE377Y14BO6 | 06/11/2025 | 06/11/2025 |
| POONAWALLA FINCORP LIMITED | INE511C14YT7 | 06/11/2025 | 06/11/2025 |
Impact Assessment
Market Impact: Medium - affects debt market participants dealing in commercial paper instruments. The suspension is temporary and specific to redemption activities.
Operational Impact: Trading members must update their systems to prevent trading in the suspended securities. Investors holding these commercial papers will receive redemption proceeds as per the respective company’s redemption schedules.
Sector Impact: Primarily affects financial services companies (Bajaj Financial Securities, Bajaj Housing Finance, ICICI Home Finance, Navi Finserv, Poonawalla Fincorp, Sharekhan, 360 ONE WAM) and some corporate issuers (Birla Corporation, Network 18, Sikka Ports). This is a routine corporate action with no broader market implications.
Impact Justification
Routine suspension of trading in commercial paper for redemption purposes affecting 11 companies. Standard corporate action with limited market-wide impact.