Description
BSE suspends trading in commercial papers of 13 companies effective November 27-28, 2025, due to redemption record dates.
Summary
BSE has notified trading members about the suspension of trading in commercial papers (CPs) of 13 companies due to upcoming redemptions. The suspension is effective from November 27-28, 2025, as these companies have fixed record dates for CP redemption purposes.
Key Points
- 13 companies have fixed record dates for commercial paper redemption
- Trading members advised not to deal in the specified CPs from the suspension date
- 12 CPs have suspension effective November 27, 2025
- 1 CP (CaratLane) has suspension effective November 28, 2025
- Notice category: Corporate Actions - Debt Segment
- Notice number: 20251121-7
Affected Companies and Securities
Suspensions from November 27, 2025:
- Credila Financial Services Limited (HCFSL-28-11-25-CP, ISIN: INE539K14BS1)
- Standard Chartered Capital Limited (SCCL-28-11-25-CP, ISIN: INE403G14SV6)
- Julius Baer Capital (India) Private Limited (JBCIPL-28-11-25-CP, ISIN: INE824H14QU7)
- Infina Finance Private Limited (IFPL-28-11-25-CP, ISIN: INE879F14KA0)
- Nuvama Wealth and Investment Limited (NWIL-28-11-25-CP, ISIN: INE523L14864)
- IndoStar Capital Finance Limited (ICFL-28-11-25-CP, ISIN: INE896L14EU3)
- Adani Enterprises Ltd. (AEL-28-11-25-CP, ISIN: INE423A14XN4)
- TATA STEEL LIMITED (TSL-28-11-25-CP, ISIN: INE081A14GC8)
- KEC International Ltd. (KIL-28-11-25-CP, ISIN: INE389H14LF3)
- Larsen & Toubro Limited (LTL-28-11-25-CP, ISIN: INE018A14LQ0)
- DSP Finance Private Limited (DFPL-28-11-25-CP, ISIN: INE422H14073)
- BOBCARD LIMITED (BL-28-11-25-CP, ISIN: INE027214894)
Suspension from November 28, 2025:
- CaratLane Trading Private Limited (CTPL-1-12-25-CP, ISIN: INE015Y14633)
Compliance Requirements
- Trading members must cease dealing in the specified commercial papers from the respective suspension dates
- No transactions should be executed in these CPs on or after the no-dealings date
- Reference notices: DR-765/2025-2026 (for 12 CPs) and DR-766/2025-2026 (for CaratLane)
Important Dates
- Notice Date: November 21, 2025
- Record Date (12 companies): November 27, 2025
- Trading Suspension (12 companies): November 27, 2025
- Record Date (CaratLane): November 28, 2025
- Trading Suspension (CaratLane): November 28, 2025
- Redemption Purpose: Commercial Paper maturity and redemption
Impact Assessment
Market Impact: Limited to debt market participants holding or trading these specific commercial papers. The suspension is a routine corporate action for CP redemption and does not indicate any credit concerns.
Operational Impact: Investors holding these CPs should note the redemption dates. Trading members must update their systems to prevent transactions in these securities from the specified dates. The suspension affects only the listed commercial paper segment and does not impact equity trading of these companies.
Impact Justification
Routine commercial paper redemptions affecting multiple issuers. Trading suspension is standard procedure for redemption process. Impact limited to debt segment only.