Description

Trading suspended in commercial papers of 14 companies including Can Fin Homes, Kotak Mahindra entities, Bajaj Finance entities, and others due to upcoming redemptions between November 11-17, 2025.

Summary

BSE has announced the suspension of trading in commercial papers issued by 14 companies due to redemption scheduled between November 11-17, 2025. Trading members are advised not to deal in these specific commercial paper instruments from their respective “No Dealings From” dates. The suspension is necessary as companies have fixed record dates for redemption purposes.

Key Points

  • 14 commercial paper instruments face trading suspension
  • Suspensions range from November 11, 2025 to November 17, 2025
  • All suspensions are related to commercial paper redemptions
  • Multiple instruments from Kotak Mahindra group entities (Prime Limited and Investments Limited)
  • Multiple instruments from Bajaj group entities (Financial Securities Limited and Finance Limited)
  • Other major issuers include Can Fin Homes, Sterlite Technologies, Jio Credit, ICICI Home Finance, Standard Chartered Capital, Jamnagar Utilities & Power, Aditya Birla Housing Finance, Manappuram Finance, and 360 ONE Prime

Regulatory Changes

No new regulatory changes introduced. This is a standard procedural notification for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from their respective “No Dealings From” dates
  • Trading members must ensure compliance with the suspension period for each instrument
  • Record dates must be observed for redemption processing

Important Dates

November 11, 2025

  • Can Fin Homes Ltd. (CFHL-12-11-25-CP, INE477A14EA7) - Record Date & No Dealings From
  • Kotak Mahindra Prime Limited (KMPL-12-11-25-CP, INE916D146A3) - Record Date & No Dealings From

November 13, 2025

  • Sterlite Technologies Limited (STL-14-11-25-CP, INE089C14DP6) - Record Date, No Dealings From Nov 13
  • Jio Credit Limited (JCL-14-11-25-CP, INE282H14048) - Record Date, No Dealings From Nov 13
  • Kotak Mahindra Investments Limited (KMIL-14-11-25-CP, INE975F14C33) - Record Date, No Dealings From Nov 13

November 14, 2025

  • Bajaj Financial Securities Limited (BFSL-17-11-25-CP, INE01C314DB7) - Record Date, No Dealings From Nov 14
  • Kotak Mahindra Prime Limited (KMP-17-11-25-CP, INE916D146B1) - Record Date, No Dealings From Nov 14

November 17, 2025

  • Standard Chartered Capital Limited (SCCL-18-11-25-CP, INE403G14ST0) - Record Date, No Dealings From Nov 17
  • Bajaj Finance Limited (BFL-18-11-25-CP, INE296A14ZD0) - Record Date, No Dealings From Nov 17
  • ICICI Home Finance Company Limited (IHFC-18-11-25-CP, INE071G14HB6) - Record Date, No Dealings From Nov 17
  • Jamnagar Utilities & Power Private Limited (JUPL-18-11-25-CP, INE936D14386) - Record Date, No Dealings From Nov 17
  • Aditya Birla Housing Finance Limited (ABHFL-18-11-25-CP, INE831R14FD0) - Record Date, No Dealings From Nov 17
  • Manappuram Finance Limited (MFL-18-11-25-CP, INE522D14OQ9) - Record Date, No Dealings From Nov 17
  • 360 ONE Prime Limited (OPL-18-11-25-CP, INE248U14SC6) - Record Date, No Dealings From Nov 17

Impact Assessment

Market Impact: Medium - affects debt market participants dealing in commercial papers of 14 companies. The suspensions are temporary and limited to specific instruments.

Operational Impact: Trading members must update their systems to prevent trading in these instruments during suspension periods. The concentration of 7 redemptions on November 17, 2025 may require additional attention.

Investor Impact: Holders of these commercial papers will receive redemption proceeds on respective record dates. No trading opportunity available during suspension period for these specific ISINs.

Sector Impact: Affects financial services sector prominently with multiple instruments from Kotak Mahindra, Bajaj, and housing finance companies. Also impacts infrastructure (Sterlite Technologies, Jamnagar Utilities) and telecom-linked finance (Jio Credit).

Impact Justification

Affects trading in commercial papers of 14 major financial and non-financial companies. While significant for debt market participants, impact is limited to specific instruments with short suspension periods (1-10 days). Routine redemption-related suspensions.