Description

BSE suspends trading in commercial papers of 14 companies due to upcoming redemption with record dates between November 11-17, 2025.

Summary

BSE has announced the suspension of trading in commercial papers of 14 companies effective from their respective record dates fixed for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified “No Dealings From” dates, which range from November 11 to November 17, 2025.

Key Points

  • 14 commercial paper instruments will be suspended from trading
  • Suspensions are due to companies fixing record dates for redemption
  • First suspension begins November 11, 2025 (Can Fin Homes Ltd. and Kotak Mahindra Prime Limited)
  • Last suspension begins November 17, 2025 (8 companies)
  • All suspensions align with respective record dates
  • Notice number: 20251107-10, dated November 07, 2025

Regulatory Changes

No 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 From” dates
  • Trading members should update their systems to reflect trading suspensions
  • Members must comply with record date requirements for redemption processing

Important Dates

November 11, 2025:

  • Can Fin Homes Ltd. (INE477A14EA7) - No dealings from 11/11/2025
  • Kotak Mahindra Prime Limited (INE916D146A3) - No dealings from 11/11/2025

November 13, 2025:

  • Sterlite Technologies Limited (INE089C14DP6) - No dealings from 13/11/2025
  • Jio Credit Limited (INE282H14048) - No dealings from 13/11/2025
  • Kotak Mahindra Investments Limited (INE975F14C33) - No dealings from 13/11/2025

November 14, 2025:

  • Bajaj Financial Securities Limited (INE01C314DB7) - No dealings from 14/11/2025
  • Kotak Mahindra Prime Limited (INE916D146B1) - No dealings from 14/11/2025

November 17, 2025:

  • Standard Chartered Capital Limited (INE403G14ST0) - No dealings from 17/11/2025
  • Bajaj Finance Limited (INE296A14ZD0) - No dealings from 17/11/2025
  • ICICI Home Finance Company Limited (INE071G14HB6) - No dealings from 17/11/2025
  • Jamnagar Utilities & Power Private Limited (INE936D14386) - No dealings from 17/11/2025
  • Aditya Birla Housing Finance Limited (INE831R14FD0) - No dealings from 17/11/2025
  • Manappuram Finance Limited (INE522D14OQ9) - No dealings from 17/11/2025
  • 360 ONE Prime Limited (INE248U14SC6) - No dealings from 17/11/2025

Impact Assessment

Market Impact: Medium - Affects debt market participants holding or trading these commercial papers. The staggered suspension dates minimize concentrated market disruption.

Issuer Profile: Includes major financial institutions (Bajaj Finance, Kotak Mahindra entities, ICICI Home Finance, Standard Chartered Capital) and corporates (Sterlite Technologies, Reliance group entities).

Operational Impact: Trading members need to update trading systems and communicate with clients holding these instruments. Investors should be aware of the upcoming redemptions and plan accordingly for reinvestment of proceeds.

Impact Justification

Affects 14 commercial paper instruments with staggered suspension dates. Standard redemption process with limited market-wide impact but important for debt market participants.