Description

BSE suspends trading in commercial paper of 25 companies due to upcoming redemption with record date of November 20-23, 2025.

Summary

BSE has issued Notice No. 20251117-6 suspending trading in commercial paper (CP) of 25 companies effective from November 20-21, 2025. The suspension is due to record dates fixed for redemption of these commercial papers. Trading members are advised not to deal in the specified securities from the designated dates.

Key Points

  • 25 companies affected by trading suspension for CP redemption
  • Record dates set for November 20, 21, and 23, 2025
  • No dealings permitted from respective record dates
  • All suspensions fall under Debt Register references DR-760/2025-2026 and DR-761/2025-2026
  • Notice applies to Debt Segment under Corporate Actions category

Companies Affected

Record Date: November 20, 2025 (13 companies)

  • Bajaj Finance Limited (INE296A14ZG3)
  • UGRO Capital Limited (INE583D14626)
  • IGH Holdings Private Limited (INE02FN14614)
  • Julius Baer Capital (India) Private Limited (INE824H14SF4)
  • Pilani Investment And Industries Corporation Limited (INE417C14AB5)
  • Capri Global Capital Limited (INE180C14581)
  • Godrej Finance Limited (INE02KN14572)
  • Reliance Retail Ventures Limited (INE929O14DX2)
  • Axis Finance Limited (INE891K14PI7)
  • Fedbank Financial Services Limited (INE007N14EC1)
  • Dalmia Cement (Bharat) Limited (INE755K14FM7)
  • L&T Metro Rail (Hyderabad) Limited (INE128M14AS1)
  • Nuvama Clearing Services Limited (INE525L14141)

Record Date: November 21, 2025 (11 companies)

  • Nuvama Wealth and Investment Limited (INE523L14930)
  • Krazybee Services Ltd (INE07HK14334)
  • Vivriti Capital Limited (INE01HV14888)
  • Godrej Finance Limited (INE02KN14580)
  • SBICAP Securities Limited (INE212K14BY3)
  • Infina Finance Private Limited (INE879F14LI1)
  • 360 ONE Prime Limited (INE248U14SF9)
  • Tata Power Co. Ltd (INE245A14KC1)
  • Manappuram Finance Limited (INE522D14OR7)

Record Date: November 23, 2025 (dealt from Nov 21)

  • Navi Finserv Limited (INE342T14DS7)
  • Fedbank Financial Services Limited (INE007N14ED9)

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the stated “No Dealings From” dates
  • Members must ensure their systems reflect the trading suspension for these securities
  • All transactions related to these CPs must cease from the respective dates

Important Dates

  • Notice Date: November 17, 2025
  • First Suspension Date: November 20, 2025 (13 CPs)
  • Second Suspension Date: November 21, 2025 (12 CPs)
  • Record Dates: November 20, 21, and 23, 2025

Impact Assessment

This is a routine corporate action affecting the debt market segment. The trading suspension is temporary and specifically related to the redemption process of commercial papers. Impact is limited to:

  • Debt market participants holding or trading these specific CPs
  • Trading members who must update their systems and processes
  • Investors in these commercial papers who need to be aware of redemption timeline

The suspension ensures orderly settlement and redemption of these debt instruments. No broader market impact is anticipated as this is standard procedure for maturing commercial papers.

Impact Justification

Routine trading suspension for commercial paper redemption affecting 25 issuers; operationally important for debt market participants but limited broader market impact