Description

BSE suspends trading in commercial paper of 9 companies including ECL Finance, HDFC Securities, and Reliance Retail Ventures due to upcoming redemption record dates.

Summary

BSE has suspended trading in commercial paper of 9 companies effective from their respective no-dealings dates due to fixed record dates for redemption purposes. The suspensions affect commercial paper across multiple issuers including financial services companies and one retail venture.

Key Points

  • 9 companies’ commercial paper suspended from trading
  • One commercial paper (ECL Finance) suspended from November 4, 2025
  • Eight commercial papers suspended from November 12, 2025
  • Suspensions are for redemption purposes as record dates have been fixed
  • Trading members advised not to deal in the specified commercial papers
  • Notice reference: DR-749/2025-2026 and DR-754/2025-2026

Regulatory Changes

No regulatory changes. This is a standard operational procedure for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial paper from the no-dealings dates
  • Trading members must ensure compliance with the trading suspension for all listed commercial papers

Important Dates

November 4, 2025:

  • ECL Finance Limited (EFL-6-11-25-CP, ISIN: INE804I14XX7) - Record Date and No Dealings Date

November 12, 2025:

  • Standard Chartered Capital Limited (SCCL-13-11-25-CP, ISIN: INE403G14SS2)
  • IGH Holdings Private Limited (IHPL-13-11-25-CP, ISIN: INE02FN14606)
  • HDFC Securities Limited (HSL-13-11-25-CP, ISIN: INE700G14PH0)
  • 360 ONE WAM LIMITED (OML-13-11-25-CP, ISIN: INE466L14ET7)
  • Mahindra Lifespace Developers Ltd. (MLDL-13-11-25-CP, ISIN: INE813A14359)
  • Bajaj Financial Securities Limited (BFSL-13-11-25-CP, ISIN: INE01C314CJ2)
  • Poonawalla Fincorp Limited (PFL-13-11-25-CP, ISIN: INE511C14YU5)
  • Reliance Retail Ventures Limited (RRVL-13-11-25-CP, ISIN: INE929O14DU8)

Impact Assessment

Market Impact: Medium - affects debt segment trading for 9 commercial paper instruments. No impact on equity markets.

Investor Impact: Medium - investors holding these commercial papers will see redemption processed as per record dates. No trading possible from suspension dates.

Operational Impact: Low - routine procedural action by exchange. Standard redemption process for commercial paper instruments with defined timelines.

Impact Justification

Routine trading suspension for commercial paper redemption affecting 9 entities. Standard procedural action with defined timelines. Limited to debt segment only.