Description

BSE suspends trading in commercial papers of nine companies effective from their respective record dates for redemption purposes.

Summary

BSE has issued Notice No. 20251103-4 suspending trading in commercial papers of nine companies that have fixed record dates for redemption. Trading members are advised not to deal in these commercial papers from their respective no-dealing dates. The suspensions range from November 4, 2025, to November 12, 2025.

Key Points

  • Trading suspension applies to commercial papers of nine companies
  • ECL Finance Limited: No dealings from November 4, 2025 (Record Date: November 4, 2025)
  • Eight companies including Standard Chartered Capital, IGH Holdings, HDFC Securities, 360 ONE WAM, Mahindra Lifespace Developers, Bajaj Financial Securities, Poonawalla Fincorp, and Reliance Retail Ventures: No dealings from November 12, 2025 (Record Date: November 12, 2025)
  • Notice category: Corporate Actions - Debt Segment
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory changes. This is a standard operational notice for trading suspension related to commercial paper redemption.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from their respective no-dealing dates
  • Members must ensure compliance with the suspension until redemption is completed
  • Reference circulars: DR-749/2025-2026 (for ECL Finance) and DR-754/2025-2026 (for remaining eight companies)

Important Dates

  • November 4, 2025: Record date and no-dealing date for ECL Finance Limited (ISIN: INE804I14XX7)
  • November 12, 2025: Record date and no-dealing date for Standard Chartered Capital Limited (ISIN: INE403G14SS2), IGH Holdings Private Limited (ISIN: INE02FN14606), HDFC Securities Limited (ISIN: INE700G14PH0), 360 ONE WAM LIMITED (ISIN: INE466L14ET7), Mahindra Lifespace Developers Ltd. (ISIN: INE813A14359), Bajaj Financial Securities Limited (ISIN: INE01C314CJ2), Poonawalla Fincorp Limited (ISIN: INE511C14YU5), and Reliance Retail Ventures Limited (ISIN: INE929O14DU8)

Impact Assessment

The suspension affects commercial paper trading for nine companies across the debt market segment. Impact is limited to holders and potential traders of these specific commercial papers during the redemption period. The suspension is temporary and routine for redemption purposes. No broader market impact expected as this is standard procedure for maturing commercial papers.

Impact Justification

Routine suspension for commercial paper redemption affecting nine companies with specific no-dealing dates