Description

Trading suspended for commercial papers of 14 companies due to upcoming redemption on record dates between November 11-17, 2025.

Summary

BSE has suspended trading in commercial papers of 14 companies effective from their respective no-dealings dates (November 11, 13, 14, and 17, 2025) due to scheduled redemptions. The suspension affects major financial institutions including Bajaj Finance, Kotak Mahindra entities, ICICI Home Finance, and others. Trading members are advised not to deal in these instruments from the specified dates.

Key Points

  • 14 commercial paper instruments suspended from trading
  • Suspension dates range from November 11 to November 17, 2025
  • Reason: Redemption of commercial paper on record dates
  • Trading members must cease dealings from specified no-dealings dates
  • Notice number: 20251107-10
  • Category: Corporate Actions - Debt Segment

Affected Companies and Dates

November 11, 2025:

  • Can Fin Homes Ltd. (CFHL-12-11-25-CP, INE477A14EA7, Code: 730024)
  • Kotak Mahindra Prime Limited (KMPL-12-11-25-CP, INE916D146A3, Code: 730493)

November 13, 2025:

  • Sterlite Technologies Limited (STL-14-11-25-CP, INE089C14DP6, Code: 730038)
  • Jio Credit Limited (JCL-14-11-25-CP, INE282H14048, Code: 730045)
  • Kotak Mahindra Investments Limited (KMIL-14-11-25-CP, INE975F14C33, Code: 730491)

November 14, 2025:

  • Bajaj Financial Securities Limited (BFSL-17-11-25-CP, INE01C314DB7, Code: 730443)
  • Kotak Mahindra Prime Limited (KMP-17-11-25-CP, INE916D146B1, Code: 730494)

November 17, 2025:

  • Standard Chartered Capital Limited (SCCL-18-11-25-CP, INE403G14ST0, Code: 728250)
  • Bajaj Finance Limited (BFL-18-11-25-CP, INE296A14ZD0, Code: 728253)
  • ICICI Home Finance Company Limited (IHFC-18-11-25-CP, INE071G14HB6, Code: 730042)
  • Jamnagar Utilities & Power Private Limited (JUPL-18-11-25-CP, INE936D14386, Code: 730044)
  • Aditya Birla Housing Finance Limited (ABHFL-18-11-25-CP, INE831R14FD0, Code: 730046)
  • Manappuram Finance Limited (MFL-18-11-25-CP, INE522D14OQ9, Code: 730051)
  • 360 ONE Prime Limited (OPL-18-11-25-CP, INE248U14SC6, Code: 730052)

Regulatory Changes

No regulatory changes introduced. This is a standard operational circular enforcing existing procedures for suspending trading in debt instruments prior to redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified commercial papers from their respective no-dealings dates
  • Trading members should update their systems to reflect the suspension
  • All pending orders in these instruments should be cancelled or rejected from the specified dates

Important Dates

  • Notice Date: November 7, 2025
  • First Suspension Date: November 11, 2025 (2 instruments)
  • Second Suspension Date: November 13, 2025 (3 instruments)
  • Third Suspension Date: November 14, 2025 (2 instruments)
  • Fourth Suspension Date: November 17, 2025 (7 instruments)

Impact Assessment

Market Impact: Medium - affects debt market participants holding or trading these commercial papers. Investors holding these instruments will receive redemption proceeds as per scheduled maturity.

Operational Impact: Low to Medium - routine suspension procedure for maturing debt instruments. Trading members need to ensure systems are updated to prevent inadvertent trading.

Investor Impact: Low - scheduled redemptions are expected events. Investors will receive principal amounts on redemption dates. No trading opportunity loss as instruments are at maturity.

Sector Focus: Financial services sector predominantly affected, with multiple NBFCs, housing finance companies, and financial institutions included in the list.

Impact Justification

Routine redemption-related trading suspension affecting 14 commercial paper instruments across multiple major financial institutions and corporates