Description
BSE suspends trading in commercial papers of 9 companies from November 19, 2025, due to redemption with record date set for the same day.
Summary
BSE has issued Notice No. 20251113-72 suspending trading in commercial papers of nine companies effective November 19, 2025. The suspension is due to the companies fixing November 19, 2025, as the record date for redemption of their commercial papers. Trading members are advised not to deal in these securities from the specified date.
Key Points
- 9 companies’ commercial papers affected by trading suspension
- Record date and no-dealings date both set for November 19, 2025
- Suspension purpose: Redemption of commercial papers
- Notice reference: DR-759/2025-2026 for all affected securities
- Applies to debt segment corporate actions
Affected Commercial Papers
Companies and ISIN Details
- Kotak Mahindra Investments Limited - ISIN: INE975F14A68 (Code: 729295)
- Trust Investment Advisors Private Limited - ISIN: INE723X14KK2 (Code: 729445)
- Aditya Birla Real Estate Limited - ISIN: INE055A14KI1 (Code: 730056)
- Godrej Finance Limited - ISIN: INE02KN14598 (Code: 730057)
- Birla Group Holdings Private Limited - ISIN: INE09OL14HS8 (Code: 730067)
- Poonawalla Fincorp Limited - ISIN: INE511C14YW1 (Code: 730068)
- Axis Finance Limited - ISIN: INE891K14PH9 (Code: 730071)
- Bajaj Financial Securities Limited - ISIN: INE01C314CK0 (Code: 730072)
- ONGC Petro Additions Limited - ISIN: INE163N14568 (Code: 730076)
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification for commercial paper redemptions following existing BSE procedures for debt securities.
Compliance Requirements
- Trading Members: Must not execute any trades in the listed commercial papers from November 19, 2025
- Market Participants: Should note the suspension and adjust trading strategies accordingly
- Settlement: All positions must be closed before the no-dealings date
- Record Date Compliance: Investors holding these securities as of November 19, 2025, will be eligible for redemption proceeds
Important Dates
- Notice Date: November 13, 2025
- Record Date: November 19, 2025
- No Dealings From: November 19, 2025
- Notice Reference: DR-759/2025-2026
Impact Assessment
Market Impact: Medium - affects multiple issuers across financial services sector including major banking and finance conglomerates
Liquidity Impact: Limited to specific commercial paper instruments maturing on the record date; does not affect equity or other debt securities of these issuers
Investor Impact: Holders of these commercial papers will receive redemption proceeds as per terms; no trading opportunity available from suspension date
Sector Concentration: All affected issuers are from financial services sector (NBFCs, investment companies, finance companies), indicating coordinated maturity schedules
Operational Impact: Routine suspension with 6 days advance notice provides adequate time for market participants to adjust positions
Impact Justification
Routine redemption-related trading suspension affecting multiple commercial papers but limited to debt instruments with specific maturity dates