Description
BSE suspends trading in commercial papers of 11 companies due to upcoming redemption with record dates between October 30 and November 6, 2025.
Summary
BSE has issued a circular 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 instruments from the specified ‘No Dealings From’ dates, which range from October 30 to November 6, 2025.
Key Points
- 11 commercial paper instruments suspended from trading
- Suspensions due to redemption with fixed record dates
- Companies include Bajaj Financial Securities, Navi Finserv, ICICI Home Finance, Network 18 Media, Sikka Ports, 360 One WAM, Sharekhan, Birla Corporation, Bajaj Housing Finance, and Poonawalla Fincorp
- Trading suspension dates range from October 30 to November 6, 2025
- All suspensions are in the debt segment
- Notice number: 20251028-11
Regulatory Changes
No regulatory changes. This is a standard operational notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the ‘No Dealings From’ dates
- Members must comply with the trading suspension to facilitate smooth redemption process
- Adherence to record date requirements for each instrument
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 and investors holding these specific commercial papers. Trading suspension is temporary and limited to the redemption period.
Operational Impact: Trading members dealing in debt instruments must adjust their systems and operations to prevent trades in these suspended securities. The suspension ensures orderly redemption process without settlement complications.
Investor Impact: Investors holding these commercial papers will receive redemption proceeds as per the scheduled dates. No adverse impact on investors as this is part of the normal maturity process.
Impact Justification
Standard operational circular affecting debt market participants dealing in commercial papers of specific issuers during redemption period