Description
BSE suspends trading in commercial papers of seven companies due to upcoming redemption with record dates ranging from November 3-10, 2025.
Summary
BSE has issued Notice No. 20251030-5 suspending trading in commercial papers of seven companies effective from their respective ’no dealings’ dates. The suspension is due to upcoming redemption of commercial papers with record dates set between November 3-10, 2025. Trading members are advised not to deal in these commercial papers from the specified dates.
Key Points
- Seven companies have fixed record dates for commercial paper redemption
- Trading suspension applies from ’no dealings’ dates ranging from November 3-10, 2025
- Notice issued under Corporate Actions category for Debt segment
- Each commercial paper has unique ISIN codes for identification
- DR numbers assigned: DR-748 through DR-752 for 2025-2026 period
Regulatory Changes
No new regulatory changes introduced. This is a standard operational notice for routine commercial paper redemptions following existing BSE procedures.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from their respective ’no dealings’ dates
- Members must ensure compliance with the suspension to avoid trading in securities earmarked for redemption
- Trading members should update their systems to reflect the trading suspension
Important Dates
| Company | ISIN | Record Date | No Dealings From | DR Number |
|---|---|---|---|---|
| Julius Baer Capital (India) Private Limited | INE824H14SC1 | 03/11/2025 | 03/11/2025 | DR-748/2025-2026 |
| JSW Energy Limited | INE121E14375 | 05/11/2025 | 04/11/2025 | DR-749/2025-2026 |
| Nuvama Wealth Finance Limited | INE918K14CI6 | 10/11/2025 | 10/11/2025 | DR-752/2025-2026 |
| HDFC Securities Limited | INE700G14PG2 | 07/11/2025 | 07/11/2025 | DR-751/2025-2026 |
| Julius Baer Capital (India) Private Limited | INE824H14SE7 | 10/11/2025 | 10/11/2025 | DR-752/2025-2026 |
| Bajaj Housing Finance Limited | INE377Y14BR9 | 10/11/2025 | 10/11/2025 | DR-752/2025-2026 |
| Network 18 Media & Investments Limited | INE870H14VR6 | 10/11/2025 | 10/11/2025 | DR-752/2025-2026 |
Impact Assessment
Market Impact: Medium - affects debt market liquidity for specific commercial papers during redemption period. Trading suspension is temporary and routine.
Operational Impact: Trading members holding these commercial papers should prepare for redemption processes. No impact on equity markets.
Issuer Impact: Standard redemption process for seven issuers across financial services (Julius Baer Capital, Nuvama Wealth Finance, HDFC Securities, Bajaj Housing Finance), energy (JSW Energy), and media (Network 18) sectors.
Investor Impact: Holders of these commercial papers will receive redemption proceeds as per their respective record dates. Trading suspension ensures orderly redemption without market interference.
Impact Justification
Routine trading suspension for commercial paper redemption affecting multiple issuers. Standard corporate action with defined timelines.