Description
BSE suspends trading in commercial paper of 21 companies due to upcoming redemptions between November 20-25, 2025.
Summary
BSE has suspended trading in commercial paper of 21 companies effective from their respective record dates between November 20-25, 2025. Trading members are advised not to deal in these securities as the companies have fixed record dates for redemption purposes.
Key Points
- 21 companies have commercial paper redemptions scheduled between November 20-25, 2025
- Trading suspension commences from the respective record dates
- Earliest suspension: Kotak Mahindra Investments Limited (November 20, 2025)
- Majority of suspensions effective November 24, 2025 (19 companies)
- Latest suspension: Two companies on November 25, 2025
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes. This is a standard procedural suspension for commercial paper redemptions as per existing BSE regulations on corporate actions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from their respective suspension dates
- Members must comply with the no-dealings directive starting from the record dates mentioned
- Standard redemption procedures to be followed by respective issuers
Important Dates
November 20, 2025:
- Kotak Mahindra Investments Limited (KMIL-21-11-25-CP, INE975F14C41)
November 21, 2025:
- Birla Corporation Ltd. (BCL-24-11-25-CP, INE340A14155)
November 24, 2025:
- Julius Baer Capital (India) Private Limited (JBC-25-11-25-CP, INE824H14QR3)
- Nuvama Wealth Finance Limited (NWFL-25-11-25-CP, INE918K14CD7)
- Krazybee Services Ltd (KSL-25-11-25-CP, INE07HK14326)
- Muthoottu Mini Financiers Limited (MMFL-25-11-25-CP, INE101Q14140)
- Birla Group Holdings Private Limited (BGHPL-25-11-25-CP, INE09OL14HT6)
- Aditya Birla Housing Finance Limited (ABHFL-25-11-25-CP, INE831R14FE8)
- HDFC Securities Limited (HDFCSL-25-11-25-CP, INE700G14PM0)
- SBICAP Securities Limited (SBICAPSL-25-11-25-CP, INE212K14BX5)
- 360 ONE Prime Limited (360OPL-25-11-25-CP, INE248U14SE2)
- Reliance Retail Ventures Limited (RRVL-25-11-25-CP, INE929O14DY0)
- Tata Housing Development Company Limited (THDCL-25-11-25-CP, INE582L14IT2)
- Godrej Housing Finance Limited (GHFL-25-11-25-CP, INE02JD14633)
- Poonawalla Fincorp Limited (PFL-25-11-25-CP, INE511C14YX9)
- Dalmia Cement (Bharat) Limited (DCBL-25-11-25-CP, INE755K14FN5)
- 360 ONE WAM Limited (OWL-25-11-25-CP, INE466L14EU5)
- CNH Industrial Capital (India) Private Limited (CICPL-25-11-25-CP, INE0P4D14226)
- Axis Finance Limited (AFL-25-11-25-CP, INE891K14PJ5)
November 25, 2025:
- Infina Finance Private Limited (IFPL-26-11-25-CP, INE879F14LE0)
- J.K. Cement Ltd (JKCL-26-11-25-CP, INE823G14AU5)
Impact Assessment
Market Impact: Medium - affects debt market participants dealing in commercial paper of major financial institutions and corporations. Temporary liquidity impact on these specific securities.
Operational Impact: Trading members must adjust their portfolios and avoid transactions in the specified instruments during suspension period. No impact on underlying equity shares of these companies.
Sectoral Impact: Affects multiple sectors including financial services, retail, housing finance, cement, and industrial finance. Concentration of 19 suspensions on November 24, 2025 may impact short-term debt market activity on that date.
Impact Justification
Standard suspension for commercial paper redemptions affecting 21 companies, temporary trading halt with defined record dates