Description
BSE suspends trading in commercial papers of 13 companies including Adani Enterprises, Reliance Retail Ventures, Tata Power, and others due to upcoming redemptions between November 24-26, 2025.
Summary
BSE has announced the suspension of trading in commercial papers of 13 companies effective from November 24-26, 2025, due to record dates fixed for redemption purposes. Trading members are advised not to deal in these commercial papers from their respective suspension dates.
Key Points
- 13 commercial papers suspended for redemption
- Suspensions effective between November 24-26, 2025
- Companies include major corporates: Adani Enterprises, Reliance Retail Ventures, Tata Power, Tata Housing, Titan, UGRO Capital
- Financial institutions affected: Standard Chartered Securities, HDFC Securities, SBICAP Securities, IndoStar Capital Finance
- Industrial companies: Dalmia Cement, J.K. Cement, Electrosteel Castings
- All suspensions aligned with respective record dates for redemption
Regulatory Changes
No regulatory changes. This is a routine corporate action notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the listed commercial papers from their respective suspension dates
- Standard compliance with redemption procedures as per record dates
- Trading members to ensure client portfolios are updated accordingly
Important Dates
November 24, 2025:
- Standard Chartered Securities (India) Limited CP - Record date and trading suspension
November 25, 2025:
- Adani Enterprises Ltd. CP - Record date and trading suspension
November 26, 2025:
- IndoStar Capital Finance Limited CP
- HDFC Securities Limited CP
- SBICAP Securities Limited CP
- Reliance Retail Ventures Limited CP
- Tata Housing Development Company Limited CP
- Dalmia Cement (Bharat) Limited CP
- J.K. Cement Ltd CP
- Tata Power Co. Ltd CP
- Electrosteel Castings Ltd. CP
- UGRO Capital Limited CP
- Titan Company Limited CP
All with record date and trading suspension on November 26, 2025.
Impact Assessment
Market Impact: Medium - affects debt market liquidity for these specific instruments temporarily
Investor Impact: Holders of these commercial papers will receive redemption proceeds as per terms; no trading opportunity from suspension dates
Operational Impact: Trading members must update systems to block trading in these 13 commercial papers from respective dates
Sectoral Distribution: Diversified impact across financial services, retail, power, cement, and manufacturing sectors, indicating broad market commercial paper redemption activity
Impact Justification
Routine suspension affecting multiple commercial papers for redemption; impacts debt market participants but is a standard corporate action with limited broader market impact