Description

BSE announces suspension of trading in commercial papers of 8 companies due to upcoming redemption with record dates between October 31 and November 9, 2025.

Summary

BSE has announced the suspension of trading in commercial papers of 8 companies effective from their respective record dates for redemption purposes. The suspensions will take effect between October 31, 2025, and November 9, 2025, depending on the specific commercial paper. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates.

Key Points

  • 8 companies have fixed record dates for commercial paper redemption
  • Trading suspension applies only to specific commercial paper ISINs, not equity shares
  • No dealings period starts from the record date for each commercial paper
  • Companies affected include major financial institutions and infrastructure entities
  • Notice issued under debt segment corporate actions category

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice following existing redemption procedures for commercial papers.

Compliance Requirements

  • Trading members must not execute any trades in the listed commercial papers from their respective no-dealings dates
  • Members must ensure proper communication to clients regarding trading restrictions
  • Settlement of existing positions must be completed before the no-dealings date

Important Dates

  • October 31, 2025: L&T Metro Rail (Hyderabad) Limited - ISIN INE128M14AQ5 (Record Date & No Dealings From)
  • November 3, 2025: Can Fin Homes Ltd. - ISIN INE477A14DZ6 (Record Date & No Dealings From)
  • November 6, 2025: NUVAMA Clearing Services Limited - ISIN INE525L14133 (Record Date & No Dealings From)
  • November 6, 2025: Tata Steel Limited - ISIN INE081A14GB0 (Record Date & No Dealings From)
  • November 7, 2025: Infina Finance Private Limited - ISIN INE879F14JW6 (Record Date & No Dealings From)
  • November 7, 2025: UGRO Capital Limited - ISIN INE583D14584 (Record Date: Nov 9, No Dealings From: Nov 7)
  • November 7, 2025: Tata Power Co. Ltd - ISIN INE245A14KB3 (Record Date & No Dealings From)
  • November 7, 2025: Bajaj Financial Securities Limited - ISIN INE01C314CZ8 (Record Date & No Dealings From)

Impact Assessment

Market Impact: Limited to the debt market segment, specifically commercial paper instruments. No impact on equity trading or other debt securities of these companies.

Liquidity Impact: Temporary reduction in liquidity for these specific commercial papers until redemption is completed. Investors holding these instruments will receive redemption proceeds as per terms.

Operational Impact: Trading members must update their systems to block trades in these ISINs from the specified dates. Standard redemption process with minimal operational disruption expected.

Impact Justification

Routine corporate action affecting multiple commercial papers with temporary trading suspension for redemption purposes. Limited to specific debt instruments with defined suspension periods.