Description
BSE announces suspension of trading in commercial papers of 24 companies due to redemption, effective from November 20-21, 2025.
Summary
BSE has announced the suspension of trading in commercial papers of 24 companies due to scheduled redemptions. Trading members are advised not to deal in these commercial papers from the specified dates. The suspensions are effective from November 20, 2025 (13 instruments) and November 21, 2025 (11 instruments), with record dates set for redemption purposes.
Key Points
- 24 commercial paper instruments suspended for redemption
- 13 instruments with record date November 20, 2025 - no dealings from November 20, 2025
- 11 instruments with record date November 21, 2025 - no dealings from November 21, 2025
- Trading members instructed not to deal in these commercial papers from specified dates
- All suspensions issued under Debt Rule DR-760/2025-2026 and DR-761/2025-2026
- Affects major financial institutions, NBFCs, and corporate issuers
Regulatory Changes
No regulatory changes. This is a standard corporate action notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not execute trades in the listed commercial papers from the specified “No Dealings From” dates
- Adherence to record date requirements for redemption processing
- Compliance with Debt Rules DR-760/2025-2026 and DR-761/2025-2026
Important Dates
November 20, 2025:
- Record date and trading suspension start for: Bajaj Finance Limited, UGRO Capital Limited, IGH Holdings Private Limited, Julius Baer Capital (India) Private Limited, Pilani Investment And Industries Corporation Limited, Capri Global Capital Limited, Godrej Finance Limited, Reliance Retail Ventures Limited, Axis Finance Limited, Fedbank Financial Services Limited, Dalmia Cement (Bharat) Limited, L&T Metro Rail (Hyderabad) Limited, Nuvama Clearing Services Limited
November 21, 2025:
- Record date and trading suspension start for: Nuvama Wealth and Investment Limited, Krazybee Services Ltd, Navi Finserv Limited (record date Nov 23), Vivriti Capital Limited, Godrej Finance Limited, SBICAP Securities Limited, Infina Finance Private Limited, 360 ONE Prime Limited, Fedbank Financial Services Limited (record date Nov 23), Tata Power Co. Ltd, Manappuram Finance Limited
Impact Assessment
Market Impact: Medium - affects debt market liquidity for 24 commercial paper instruments across diverse sectors including banking, NBFCs, infrastructure, and corporate finance.
Operational Impact: Standard redemption process with no unusual market disruption expected. Investors holding these instruments should prepare for redemption settlement.
Sectoral Coverage: Broad impact across financial services (NBFCs, wealth management, clearing services), infrastructure (metro rail, cement), retail (Reliance Retail Ventures), and energy (Tata Power) sectors.
Investor Action Required: Holders of these commercial papers should note the record dates for redemption proceeds. No trading permitted from specified dates through redemption.
Impact Justification
Affects 24 commercial paper instruments across major financial and corporate entities. Standard redemption process with limited broader market impact but important for debt market participants.