Description

BSE announces suspension of trading for 14 commercial papers from various companies including Can Fin Homes, Kotak Mahindra entities, Bajaj Finance, and others due to upcoming redemptions between November 11-17, 2025.

Summary

BSE has issued notice (DR-753 to DR-757/2025-2026) suspending trading in 14 commercial papers due to scheduled redemptions. The suspension affects securities from major financial institutions and corporations including Can Fin Homes, Kotak Mahindra Prime, Sterlite Technologies, Jio Credit, Bajaj Finance entities, Standard Chartered Capital, ICICI Home Finance, and others. Trading members are advised not to deal in these commercial papers from their respective no-dealing dates.

Key Points

  • 14 commercial papers will be suspended from trading between November 11-17, 2025
  • Record dates have been fixed for redemption purposes
  • Trading suspension begins on the same date as the record date for each security
  • Notice numbers DR-753/2025-2026 through DR-757/2025-2026 cover these actions
  • Trading members are explicitly prohibited from dealing in these securities from specified dates

Regulatory Changes

No new regulatory changes. This is a standard corporate action notice for commercial paper redemptions following existing BSE debt market regulations.

Compliance Requirements

  • Trading members must not execute any trades in the listed commercial papers from their respective no-dealing dates
  • Members must update their systems to reflect trading suspension for affected ISINs
  • Compliance 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 specific commercial papers. The staggered redemption dates spread impact over one week.

Operational Impact: Low to Medium - trading members must update systems and suspend trading for 14 ISINs across multiple dates. Standard procedure for commercial paper maturity.

Investor Impact: Medium - holders of these commercial papers will receive redemption proceeds on scheduled dates. No trading liquidity available from suspension date onwards.

Sector Coverage: Diversified across financial services (NBFCs, housing finance, investment companies), manufacturing (Sterlite Technologies), and utilities (Jamnagar Utilities), indicating broad commercial paper market activity.

Impact Justification

Routine commercial paper redemptions affecting 14 securities with limited market-wide impact, primarily affecting specific debt instrument holders