Description

BSE announces suspension of trading in commercial papers of 21 companies due to redemption with record dates between November 20-25, 2025.

Summary

BSE has issued notice number 20251118-56 announcing the suspension of trading in commercial papers of 21 companies due to upcoming redemptions. Trading members are advised not to deal in these commercial papers from their respective record dates, which range from November 20 to November 25, 2025.

Key Points

  • 21 commercial paper instruments from various companies will have trading suspended
  • Suspensions are due to redemption of commercial papers
  • Record dates range from November 20-25, 2025
  • Trading suspension begins on the same date as the record date for each instrument
  • Covers major financial institutions and corporates including Kotak Mahindra, Reliance Retail, HDFC Securities, and others

Regulatory Changes

No regulatory changes. This is a standard corporate action notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from their respective “No Dealings From” dates
  • Members must ensure compliance with the trading suspension for all 21 listed instruments
  • Proper settlement procedures must be followed for existing positions before suspension dates

Important Dates

November 20, 2025:

  • Kotak Mahindra Investments Limited (INE975F14C41) - Trading suspension and redemption

November 21, 2025:

  • Birla Corporation Ltd. (INE340A14155) - Trading suspension and redemption

November 24, 2025 (Multiple instruments):

  • Julius Baer Capital (India) Private Limited (INE824H14QR3)
  • Nuvama Wealth Finance Limited (INE918K14CD7)
  • Krazybee Services Ltd (INE07HK14326)
  • Muthoottu Mini Financiers Limited (INE101Q14140)
  • Birla Group Holdings Private Limited (INE09OL14HT6)
  • Aditya Birla Housing Finance Limited (INE831R14FE8)
  • HDFC Securities Limited (INE700G14PM0)
  • SBICAP Securities Limited (INE212K14BX5)
  • 360 ONE Prime Limited (INE248U14SE2)
  • Reliance Retail Ventures Limited (INE929O14DY0)
  • Tata Housing Development Company Limited (INE582L14IT2)
  • Godrej Housing Finance Limited (INE02JD14633)
  • POONAWALLA FINCORP LIMITED (INE511C14YX9)
  • Dalmia Cement (Bharat) Limited (INE755K14FN5)
  • 360 ONE WAM LIMITED (INE466L14EU5)
  • CNH Industrial Capital (India) Private Limited (INE0P4D14226)
  • Axis Finance Limited (INE891K14PJ5)

November 25, 2025:

  • Infina Finance Private Limited (INE879F14LE0)
  • J.K. CEMENT LTD (INE823G14AU5)

Impact Assessment

Market Impact: Medium - affects debt market participants dealing in commercial papers of 21 major companies across various sectors including financial services, retail, cement, and housing finance.

Operational Impact: Traders and investors holding these commercial papers must ensure timely settlement before suspension dates. The concentration of 17 redemptions on November 24, 2025 requires careful operational planning.

Sectoral Impact: Primarily affects the debt market and commercial paper segment. Financial services companies constitute the majority of affected issuers, indicating normal end-of-month/quarter redemption activity.

Investor Impact: Holders of these commercial papers will receive redemption proceeds on respective record dates. No trading will be possible from suspension dates onwards.

Impact Justification

Affects 21 commercial paper instruments across major companies in debt segment; routine redemption activity with limited market-wide impact but important for debt traders