Description
BSE suspends trading in commercial paper of nine companies including ECL Finance Limited, Standard Chartered Capital Limited, and others due to upcoming redemptions on November 4 and November 12, 2025.
Summary
BSE has issued a notice suspending trading in commercial paper issued by nine companies due to fixed record dates for redemption purposes. Trading members are advised not to deal in these commercial papers from their respective no-dealings dates.
Key Points
- Nine companies have set record dates for commercial paper redemption
- ECL Finance Limited: Record date November 4, 2025, no dealings from November 4, 2025
- Eight other companies: Record date November 12, 2025, no dealings from November 12, 2025
- Trading members must cease dealing in these commercial papers from specified dates
- Notice issued as part of corporate actions in the debt segment
Regulatory Changes
No new 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 dates
- Market participants must note the record dates for redemption purposes
- Compliance with trading suspension is mandatory for all exchange members
Important Dates
- Notice Date: November 3, 2025
- ECL Finance Limited: Record date November 4, 2025, no dealings from November 4, 2025
- Remaining Eight Companies: Record date November 12, 2025, no dealings from November 12, 2025
Affected Commercial Papers
| Company | Code/ISIN | Record Date | No Dealings From |
|---|---|---|---|
| ECL Finance Limited | INE804I14XX7 (729362) | 04/11/2025 | 04/11/2025 |
| Standard Chartered Capital Limited | INE403G14SS2 (728227) | 12/11/2025 | 12/11/2025 |
| IGH Holdings Private Limited | INE02FN14606 (730021) | 12/11/2025 | 12/11/2025 |
| HDFC Securities Limited | INE700G14PH0 (730031) | 12/11/2025 | 12/11/2025 |
| 360 ONE WAM LIMITED | INE466L14ET7 (730032) | 12/11/2025 | 12/11/2025 |
| Mahindra Lifespace Developers Ltd. | INE813A14359 (730033) | 12/11/2025 | 12/11/2025 |
| Bajaj Financial Securities Limited | INE01C314CJ2 (730034) | 12/11/2025 | 12/11/2025 |
| Poonawalla Fincorp Limited | INE511C14YU5 (730036) | 12/11/2025 | 12/11/2025 |
| Reliance Retail Ventures Limited | INE929O14DU8 (730037) | 12/11/2025 | 12/11/2025 |
Impact Assessment
Market Impact: Medium - Affects nine commercial paper instruments in the debt market. Holders of these instruments should note the trading suspensions and plan for redemption.
Operational Impact: Trading members must update their systems to prevent dealing in these securities from the specified dates. The suspension is temporary and relates to normal redemption processes.
Investor Impact: Investors holding these commercial papers will receive redemption proceeds on the maturity dates. No trading opportunity exists from the no-dealings dates until redemption.
Impact Justification
Affects nine commercial paper issuances with specific trading suspensions; impacts debt market participants and holders of these instruments but limited to short-term securities nearing maturity