Description

BSE suspends trading in commercial papers of seven companies including Julius Baer Capital, JSW Energy, Nuvama Wealth Finance, HDFC Securities, Bajaj Housing Finance, and Network 18 Media due to upcoming redemptions.

Summary

BSE has issued Notice No. 20251030-5 dated October 30, 2025, suspending trading in commercial papers of seven companies with record dates fixed for redemption purposes. Trading members are advised not to deal in these instruments from specified dates in early November 2025.

Key Points

  • Seven commercial paper instruments suspended for redemption
  • Suspensions effective between November 3-10, 2025
  • Record dates range from November 3 to November 10, 2025
  • Trading members must cease dealing from specified no-dealings dates
  • Affects debt segment and corporate actions category
  • Issued by Assistant Vice President – Listing Compliance and Operations

Companies and Instruments Affected

Julius Baer Capital (India) Private Limited

  • ISIN: INE824H14SC1 (Code: 729959)

  • Record Date: November 3, 2025

  • No Dealings From: November 3, 2025

  • Reference: DR-748/2025-2026

  • ISIN: INE824H14SE7 (Code: 730009)

  • Record Date: November 10, 2025

  • No Dealings From: November 10, 2025

  • Reference: DR-752/2025-2026

JSW Energy Limited

  • ISIN: INE121E14375 (Code: 729992)
  • Record Date: November 5, 2025
  • No Dealings From: November 4, 2025
  • Reference: DR-749/2025-2026

Nuvama Wealth Finance Limited

  • ISIN: INE918K14CI6 (Code: 729395)
  • Record Date: November 10, 2025
  • No Dealings From: November 10, 2025
  • Reference: DR-752/2025-2026

HDFC Securities Limited

  • ISIN: INE700G14PG2 (Code: 730002)
  • Record Date: November 10, 2025
  • No Dealings From: November 10, 2025
  • Reference: DR-752/2025-2026

Bajaj Housing Finance Limited

  • ISIN: INE377Y14BR9 (Code: 730013)
  • Record Date: November 10, 2025
  • No Dealings From: November 10, 2025
  • Reference: DR-752/2025-2026

Network 18 Media & Investments Limited

  • ISIN: INE870H14VR6 (Code: 730030)
  • Record Date: November 10, 2025
  • No Dealings From: November 10, 2025
  • Reference: DR-752/2025-2026

Compliance Requirements

  • Trading members must not execute any trades in the listed commercial papers from specified no-dealings dates
  • Members must ensure their systems are updated to prevent inadvertent trading
  • Compliance with record date requirements for redemption purposes
  • Adherence to BSE debt segment trading regulations

Important Dates

  • Notice Date: October 30, 2025
  • First No Dealings Date: November 3, 2025 (Julius Baer Capital)
  • Second No Dealings Date: November 4, 2025 (JSW Energy)
  • Multiple No Dealings Date: November 10, 2025 (Five instruments)
  • Record Dates: November 3, 5, and 10, 2025

Impact Assessment

This is a routine operational circular affecting the debt segment. The impact is limited to holders and traders of the specific commercial paper instruments listed. The suspensions are temporary and related to normal redemption processes. Market participants holding these instruments should be aware of the redemption timelines and ensure proper settlement procedures. No broader market impact is expected as this is standard procedure for maturing debt instruments.

Impact Justification

Routine trading suspension for commercial paper redemptions affecting debt market participants. Multiple instruments suspended with specific no-dealing dates between November 3-10, 2025.