Description
BSE suspends trading in commercial paper of 24 companies from November 20-21, 2025 due to redemption on record dates.
Summary
BSE has announced the suspension of trading in commercial paper issued by 24 companies effective November 20-21, 2025. The suspension is due to the companies fixing record dates for redemption of their commercial paper instruments. Trading members are advised not to deal in these securities from the specified dates.
Key Points
- 24 commercial paper instruments affected by trading suspension
- 13 instruments suspended from November 20, 2025 (record date: 20/11/2025)
- 11 instruments suspended from November 21, 2025 (record dates: 21/11/2025 or 23/11/2025)
- All suspensions are for redemption purposes
- Notice reference: DR-760/2025-2026 and DR-761/2025-2026
- Trading members must not deal in affected securities from suspension dates
Regulatory Changes
No regulatory changes. This is a routine corporate action notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not execute trades in the listed commercial paper from the specified “No Dealings From” dates
- Members must ensure their trading systems reflect the suspension of these instruments
- Compliance with redemption schedules as per the respective record dates
Important Dates
November 20, 2025 (Record Date and No Dealings From):
- 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)
November 21, 2025 (No Dealings From):
- Nuvama Wealth and Investment Limited (record date: 21/11/2025)
- Krazybee Services Ltd (record date: 21/11/2025)
- Navi Finserv Limited (record date: 23/11/2025)
- VIVRITI Capital Limited (record date: 21/11/2025)
- Godrej Finance Limited (record date: 21/11/2025)
- SBICAP Securities Limited (record date: 21/11/2025)
- Infina Finance Private Limited (record date: 21/11/2025)
- 360 ONE Prime Limited (record date: 21/11/2025)
- Fedbank Financial Services Limited (record date: 23/11/2025)
- Tata Power Co. Ltd (record date: 21/11/2025)
- Manappuram Finance Limited (record date: 21/11/2025)
Impact Assessment
Market Impact: Medium - affects liquidity in 24 commercial paper instruments in the debt market segment. However, this is a scheduled redemption event and market participants would have planned accordingly.
Operational Impact: Low - routine corporate action that requires trading system updates but does not affect broader market operations.
Investor Impact: Low to Medium - investors holding these instruments will receive redemption proceeds as scheduled. No trading possible from suspension dates, but this is expected for maturing securities.
Sector Coverage: Diverse - includes financial services (NBFC, wealth management), retail, infrastructure, cement, and power sectors, indicating broad-based commercial paper redemption activity.
Impact Justification
Routine trading suspension affecting 24 commercial paper instruments due to scheduled redemptions. Impacts debt market participants but is procedural in nature.